Hong Kong stocks surge | Autos Street surges over 26% at one point during trading, with a market cap exceeding 11 billion.

On June 5th, Gelonhui reported that China's largest used car trading service provider, Autos Street (2443.HK), rose more than 26% to HKD 13.32 at one point, with a market cap of approximately HKD 11.1 billion. According to data from Zhishi Consultancy, based on 2022 transaction volume, Autos Street is the largest used car trading platform in China. The Autos Street prospectus mentioned that compared with developed markets such as the United States, China's second-hand car penetration rate is relatively low, indicating that the market still has huge development potential. In 2023, the total transaction volume of second-hand passenger cars in China reached 14.417 million, with a penetration rate of only 5%. With the support of policies and regulations...

Gelonghui FinanceJun 5 14:37

Hong Kong stocks fluctuate: Auto Street rose more than 8% during intra-day trading, and previously rose nearly 66% on its first day of listing.

On ****, Gelunhui reported that the largest used car trading service provider in the country, Autohome (2443.HK), once rose by more than 8% at one point during intraday trading. Previously, it had risen nearly 66% on the first day of listing, reaching a high stock price of HKD 16.92, with a current total market capitalization of HKD 8.63 billion. As a used car transaction platform, the company mainly provides end-to-end, high-standard and high-reliable used car transaction solutions for sellers (mainly 4S stores) and buyers (mainly professional buyers). According to the data from Zhuoshi Consulting, based on the trading volume in 2022, Autohome is the largest used car trading platform in the country. Transactions through the Autohome trading platform.

Gelonghui FinanceJun 4 14:58

Autostreets Development Shares Surge 42% in Hong Kong Debut

Autostreets Development (HKG:02443) made a stellar trading debut in Hong Kong Friday morning as its shares soared over 42% at the opening bell. The used vehicle service provider opened at HK$14.50 per

MT NewswiresMay 31 09:47

Autostreets Development Raises Almost HK$91 Million in Net Proceeds Ahead of Hong Kong IPO May 31 Debut

Autostreets Development (HKG:02443) raised HK$90.88 million in net proceeds from its Hong Kong initial public offering after pricing the shares at the bottom of the indicative price range. The Chinese

MT NewswiresMay 31 08:31

Autostreets Development Limited set the issue price of Hong Kong's IPO shares at HK$10.20 per share, and the shares were subscribed to 433.3.

Autostreets Development Limited set the issue price of Hong Kong's IPO shares at HK$10.20 per share, and the shares were subscribed to 433.3.

Zhitong FinanceMay 31 06:15

IPO Announcement | Auto Street's limited-price public offering was 433.34 times subscribed

The company sold 15 million shares globally, with the Hong Kong public offering accounting for 20% and the international offering accounting for 80%. The final sale price was HK$10.2 per share, with a net raise of approximately HK$90.88 million from the global sale.

Zhitong FinanceMay 30 19:49