The sale could be the biggest ever out of China and I don't expect there would be any IPO bigger than that in the future. Getting this underwriting mandate means a lot for the investment banks' reputations and league rankings in China.
The sale could be the biggest ever out of China and I don't expect there'd be any IPO bigger than that in the future. Getting this underwriting mandate means a lot for the investment banks' reputations and league rankings in China.
Putting the dual-listing plan on hold will help speed up the overseas IPO, as the company probably wants to get the sale done sooner rather than later.
Simultaneous listing would lengthen the process as it would be the first such trial for both exchanges and lots of issues would crop up. The company probably wants to get the sale done sooner rather than later.
The company may wish to boost sentiment of the IPO given the lukewarm interest in the automotive industry.
The foreign bidders are obviously looking for a chance to control the company's operations and have a major representation on the board.
