CHERY AUTO (09973.HK) Completes Fully Subscribed IPO in Hong Kong: Wire
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2025
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Source: aastocks
IPO Details: CHERY AUTO's Hong Kong IPO opened on September 17 and will close on September 22, with 297 million H-shares offered at a price between HKD27.75 and HKD30.75, aiming to raise up to HKD9.145 billion.
Investor Participation: The IPO was fully subscribed shortly after launch, with 13 cornerstone investors, including JSC International Investment Fund SPC and HORIZONROBOT-W, participating in the offering.
Analyst Views on 01658
Wall Street analysts forecast 01658 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01658 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
