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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.

Click here for additional coverage from Reuters.

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