Breton Technology, backed by Chinese electric vehicle maker Xpeng, plans to raise HK$234 million (US$30 million) from its Hong Kong initial public offering (IPO) amid tariff tensions that could affect its prospects.
The Shanghai-based company aims to sell 13 million shares at HK$18 each, which would value it at around HK$6.8 billion after the IPO, according to a filing to the Hong Kong stock exchange on Friday. The stock is expected to start trading on May 7.
