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China self driving firm iMotion aims to launch $100 mln Hong Kong IPO this month – sources

News Snapshot:

SYDNEY, Nov 15 (Reuters) – Chinese self-driving firm iMotion Automotive Technology is aiming to raise $100 million in its Hong Kong initial public offering (IPO) due to launch in the last week of November, according to two sources with direct knowledge of the matter. The firm was one of the first to receive approval from China's securities regulator to carry out an overseas share sale since new rules came into place in March, Reuters reported in June. iMotion, which was established in 2016, did not immediately respond to a request for comment from Reuters. The Suzhou-based firm is planning to…

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