Deals
Self-Driving Firm iMotion Weighs $300 Million Hong Kong IPO, Sources Say
- CCBI, Citi and Huatai are working with firm on share sale
- iMotion could seek listing as soon as this year in Hong Kong
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iMotion Automotive Technology Suzhou Co., a developer and provider of AI automated driving solutions, is considering a Hong Kong initial public offering that could raise $200 million to $300 million, according to people familiar with the matter.
The Suzhou, China-based firm is working with CCB International Holdings Ltd., Citigroup Inc. and Huatai Securities Co. on preparations for a first-time share sale, said the people, who asked not to be identified as the information is private. The listing could take place as early as this year, the people said.