BYD launches share sale to raise up to $5.2 billion, term sheet shows
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BYD, a Chinese electric vehicle maker, is launching a sale of its Hong Kong shares to raise up to $5.2 billion through an accelerated book-building process.
March 03, 2025 | 10:30 am
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BYD is raising up to $5.2 billion through a Hong Kong share sale, which may influence the US-listed shares, BYDDY, by potentially increasing liquidity and investor interest.
The capital raise through Hong Kong shares could enhance BYD's financial position, potentially leading to increased investor confidence in its US-listed shares, BYDDY. The move may also increase liquidity and attract more investors, positively impacting the stock price.
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