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Chinese automaker Geely's ride-hailing arm CaoCao raised $236M in a Hong Kong IPO, listing 19% below its offer price; its market cap was $2.42B as of Wednesday
asia.nikkei.com/Business/Markets/IPO/China-ride-hail-app-CaoCao-raises-236m-in-Hong-Kong-debut
HONG KONG -- Chinese ride-hailing service CaoCao listed on the Hong Kong Stock Exchange on Wednesday, raising 1.85 billion Hong Kong dollars ($236 million) to help fund its efforts to take on Didi, which commands the national market.
The company, a division of privately owned Chinese…
This story appeared on asia.nikkei.com, 2025-06-26 00:00:00.