China Harmony Auto raises $215 million from Hong Kong IPO

The luxury car dealer prices at the bottom of the range, while Wuzhou International is forced to reduce the retail portion of its $179 million offering.
<div style="text-align: left;"> China Harmony focuses on the sale of luxury cars, such as Ferraris </div>
<div style="text-align: left;"> China Harmony focuses on the sale of luxury cars, such as Ferraris </div>
June 10, 2013

China Harmony Auto, a car dealership group that focuses exclusively on luxury vehicles in China, has raised HK$1.67 billion ($215 million) from its Hong Kong initial public offering, after fixing the price at the bottom of the indicative range. The stock is set to start trading on Thursday.

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