Business
SERES Officially Listed on HKEX, Leveraging Dual "A+H" Capital Platforms to Power Global Expansion
On November 5, SERES Group (stock code: 9927.HK) was officially listed on the Main Board of the Hong Kong Stock Exchange. With this milestone, SERES is now the first Chinese luxury new energy vehicle (NEV) maker to be listed on both the A-share and H-share markets. It is the largest IPO ever by a Chinese automaker and also the world's largest automaker IPO so far this year.
About this update from Seres Group Co. Ltd. Class A
[{"type":"text","content":"CHONGQING, China, Nov. 6, 2025 /PRNewswire/ -- On November 5, SERES Group (stock code: 9927.HK) was officially listed on the Main Board of the Hong Kong Stock Exchange. With this milestone, SERES is now the first Chinese luxury new energy vehicle (NEV) maker to be listed on both the A-share and H-share markets. It is the largest IPO ever by a Chinese automaker and also the world's largest automaker IPO so far this year.","length":432,"tagName":"p"},{"type":"text","content":"This successful Hong Kong listing provides SERES with a new international platform for raising capital and supporting long-term growth as well as a solid foundation for the company's global strategy. More importantly, it establishes a new model for Chinese automakers expanding overseas, combining technological innovation with financial prowess.","length":350,"tagName":"p"},{"type":"image","alt":"Media reports","displaySize":"","headline":null,"caption":"Media reports","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/prnewswire.com/21a647f7d881cdd45c3ab629bdf75f8e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.rYJUb0aRLAC5nGH5_7Asg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/21a647f7d881cdd45c3ab629bdf75f8e","width":400,"height":267}},"href":"https://mma.prnewswire.com/media/2815231/Media_reports.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Since the launch of SERES' Hong Kong IPO on October 27, investor enthusiasm has surged. The Hong Kong public offering was oversubscribed by 133 times, raising over HK$170 billion in financing. Approximately 70% of the proceeds will go toward research and development, and roughly 20% will support the expansion of diversified new marketing channels, overseas sales, and charging network services.","length":400,"tagName":"p"},{"type":"text","content":"Notably, the offering attracted 22 cornerstone investors, including the Chongqing Industrial Mother Fund (Chongqing Industrial Investment Fund of Funds) (FoF), the Linyuan Fund, the GF Fund, Schroders, China Post Wealth, and Xingyu Hong Kong, highlighting broad recognition from global capital markets of SERES' strong growth prospects and high-quality development. This strong investor backing is expected to d...