CaoCao Approaches IPO Finish Line

Quick Summary:

A Hong Kong listing by the Geely-backed ride hailing app was approved last week by the CSRC, a year after the company first filed for the IPO

Key Takeaways: CaoCao's year-old effort to list in Hong Kong could be nearing completion, after receiving a green light from China's securities regulator

The company's revenue grew 25% in the first half of last year, outpacing its rivals, as it entered 32 new cities, boosting its footprint by more than 60% Auto giant Geely is developing a reputation as a company that's often late to the race in the newest driving technologies and services, but then quickly makes up for lost time with its deeper resources and better execution.

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Article Details

Author / Journalist: The Bamboo Works

Category: InvestingBusiness

Markets: United StatesChinaHong KongSweden

Topics: Opinion Benzinga Contributors IPOs Asia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-21 @ 15:56:36 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1134 words

Reading Time: 7 minutes read

Sentences: 51 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28128399

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