Tuhu, a car maintenance company, announced its plan to be listed on the Hong Kong Stock Exchange The offering price will not exceed HK$31

Tuhu, a car maintenance company, plans to list on the Hong Kong Stock Exchange with an offering price of up to HK$31

【Phoneauto News】Recently, Phoneauto noticed that Tuhu Car Maintenance announced the official launch of its initial public offering in Hong Kong on September 14th. According to the prospectus, Tuhu Car Maintenance plans to globally issue 40,617,100 shares, of which 36,555,300 shares will be offered internationally, and the remaining 4,061,800 shares will be offered in Hong Kong, with a maximum price per share not exceeding HKD 31. It is worth noting that five institutions, including Tencent, Jia Shi Duo, Leapmotor, Guoxuan High-tech, and Shanghai Zizhu High-tech Zone, will participate in this IPO as cornerstone investors, bringing a total investment of $100 million.

Tuhu Car Maintenance is an e-commerce platform specializing in car maintenance, providing users with online appointment and offline installation services. Since its establishment, Tuhu Car Maintenance has become a leading domestic car maintenance brand with its excellent service and efficient operation. This IPO will further promote the development of Tuhu Car Maintenance in the international market, enhance its brand influence and market competitiveness.

It is understood that Tuhu Car Maintenance has attracted the attention of many investors during the IPO. Tencent, Jia Shi Duo, Leapmotor, Guoxuan High-tech, and Shanghai Zizhu High-tech Zone, as cornerstone investors, have fully recognized Tuhu Car Maintenance’s strength and development prospects through their investment. The participation of these well-known institutional investors will not only bring strong financial support to Tuhu Car Maintenance, but also bring more resources and opportunities for strategic cooperation, promoting the company’s rapid development.

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The market value of Tuhu Car Maintenance also becomes a focus in this IPO. If calculated at the highest issue price, the market value of Tuhu Car Maintenance will reach approximately HKD 34.4 billion. This figure is for reference only, and the specific market value may vary due to market conditions, company performance, and other factors.

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