BYD launches share sale to raise up to $5.2bn, term sheet shows

Chinese EV maker to use proceeds in R&D investment, overseas expansion

BYD has set a price range of HK$333-HK$345 per share for the offering, representing an up to 8.4% discount compared to the stock's market closing price. © Reuters

March 3, 2025 19:54 JST

Updated on March 3, 2025 20:50 JST

(Reuters) -- Chinese electric vehicle maker BYD has launched a sale of its Hong Kong shares to raise up to $5.2 billion via an accelerated book-building, according to a deal term sheet seen by Reuters on Monday.

The company has set a price range of HK$333-HK$345 ($42.82-$44.36) per share for the offering, representing an up to 8.4% discount compared to the stock's market closing price of HK$363.60 on Monday.