24 September 2014
CAR Inc. Successfully Completed HK IPO
CAR Inc. (“CAR”) listed on the SEHK on September 19, 2014 by offering 426 million shares at HK$8.50 / share, or 18.6% of the enlarged share capital and a total offering size of US$~470 million (if over-allotment option is fully excised, offering size will reach US$~540 million). The offering recorded 202x subscription in HKPO and over US$10 billion subscription in International Offering. The first day closing price reached HK$10.96, a 28.9% growth over the offer price. CICC acted as Joint Global Coordinator, Joint Book runner and Joint Lead Manager.