Huawei EV Partner Seres Seeks $1.7 Billion in HK Listing (1)

Seres Group Co. started taking investor orders for a Hong Kong listing that may raise as much as HK$13.2 billion ($1.7 billion), making the electric-vehicle maker the latest big Chinese company to go public in the financial hub.

The Chongqing-based company is offering 100 million shares at up to HK$131.50 each, according to a filing Monday. It has options to expand the deal by as much as 32% to HK$17.4 billion.

Seres, whose Shanghai shares have quadrupled since the beginning of 2023, has a market value of more than $36 billion. Its maximum listing price in Hong Kong indicates a ...