Chinese IPOs

Great Wall Motors delays $500 million IPO

Chinese carmaker Great Wall Motors worries that the current market volatility will hurt its IPO price.
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Great Wall Motors' longest model: the Hover, described as fashionable and personal
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<div style="text-align: left;"> Great Wall Motors' longest model: the Hover, described as fashionable and personal </div>

Great Wall Motors, a Chinese maker of sports utility vehicles and pick-up trucks, has announced that it wants to “choose a better time” for its planned Rmb3.17 billion ($500 million) share sale in the A-share market, citing the current volatility as a reason for delaying the deal.

¬ Haymarket Media Limited. All rights reserved.

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