Shenzhen-based BYD’s offering was enlarged by 10% from the 118 million shares it had originally offered, Bloomberg calculations show.
Chinese electric vehicle maker BYD Co raised HK$43.5 billion (US$5.6 billion) in Hong Kong’s biggest share sale in nearly four years.
The company sold 129.8 million shares at HK$335.20 each, according to terms of the deal confirming an earlier Bloomberg News report. The price represents a 7.8% discount to Monday’s close in Hong Kong and sits in the lower end of the deal’s marketed price range.
