Great Wall Motor Eyes $500M

China’s Great Wall Motor is looking to raise nearly $500 million in an initial public offering.

China’s Great Wall Motor is looking to raise nearly $500 million in an initial public offering, The Wall Street Journal reports. The A-shares will be listed on the Shanghai Stock Exchange after the IPO.

The automaker will use the proceeds to finance $492 million worth of projects, adds Reuters. Guotai Junan Securities will be the lead underwriter for the offering.

Click here for the story from The Wall Street Journal.

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