Overview

• BYD is launching a share sale in Hong Kong to raise up to $5.2 billion through an accelerated book-building process.
• The offering involves 118 million shares priced between HK$333 and HK$345, representing a discount of up to 8.4% from its last closing price.
• Proceeds will be allocated to research and development, overseas business expansion, working capital, and general corporate purposes.
• BYD is expanding its global presence, including a $1 billion plant in Indonesia set to be completed by late 2025 and a new EV plant in Thailand with a capacity of 150,000 units annually.
• This fundraising reflects growing investor interest in Chinese companies, as Hong Kong sees a resurgence in equity issuances following economic recovery efforts.