CHERY AUTO (09973.HK) Launches IPO Today with PSBC and HORIZONROBOT-W Among 13 Key Cornerstone Investors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2025
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Source: aastocks
CHERY AUTO IPO Announcement: CHERY AUTO has launched its Hong Kong IPO, running from October 17 to October 22, aiming to issue 297 million H-shares at an offer price between HKD27.75 and HKD30.75 per share, with a target to raise up to HKD9.145 billion.
Cornerstone Investors: The company has secured 13 cornerstone investors, including notable funds and subsidiaries, who will collectively subscribe to shares worth approximately USD587 million, accounting for nearly 50% of the total H-shares offered.
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.
