Great Wall Motors spinoff SVolt has filed for a $2.1bn initial public offering while several corporates are set to exit online publisher Note in its own IPO.
Public markets
SVolt Energy, an electric vehicle producer spun off by China-based carmaker Great Wall Motors, has filed to raise up to RMB15bn ($2.1bn) in an initial public offering on the Shanghai Stock Exchange’s Star Market. It had raised over $3.2bn as of a $943m series B-plus round in December 2021, from investors including laser equipment producer Han’s Laser Technology, automotive component maker…
