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Hong Kong IPO pipeline swells as Geely-backed ride-hailing platform enters fray

Summary by South China Morning Post
CaoCao, operator of mainland’s second-largest ride-hailing platform, seeks to raise nearly US$237 million with Hong Kong IPO.

2 Articles

South China Morning PostSouth China Morning Post
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Hong Kong IPO pipeline swells as Geely-backed ride-hailing platform enters fray

CaoCao, operator of mainland’s second-largest ride-hailing platform, seeks to raise nearly US$237 million with Hong Kong IPO.

·Hong Kong
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rthk.hkrthk.hk

Caocao Travel and Xiangjiang Electric Start IPO Today, Raising Nearly 2.1 Billion Yuan in Total

Geely Holding's ride-hailing platform Caocao Travel and Hubei Xiangjiang Electric Appliances H shares will be open for IPO from today to this Friday, and will be listed next Wednesday. Caocao Travel has 100 shares per lot, and the entry fee is about 4,236 yuan. The company plans to issue 44.179 million shares, of which 10% will be sold in Hong Kong and the rest will be placed internationally. The offering price is 41.94 yuan, and the maximum fun…

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South China Morning Post broke the news in Hong Kong on Tuesday, June 17, 2025.
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