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EV maker Seres raised approximately $1.8 billion in its Hong Kong IPO

The post EV maker Seres raised approximately $1. 8 billion in its Hong Kong IPO appeared com. Chinese mainland EV automaker Seres Group (HKG: 9927) raised $1. 8 billion in its HKSAR listing, expanding the offering by 8. 4%. The company sold 108. 6 million shares, which included an extra 8. 4 million shares, at the upper limit IPO price of HKD 131. 50 per share, after exercising an option to snowball the deal size. Seres filed for its Hong Kong listing in April, aiming to establish a platform for international capital operations, and has confirmed that the HK-listed stock will start trading on November 5 under the ticker HKG: 9927. It has been listed on the SSE (Shanghai Stock Exchange) since 2016 and has a market capitalization of nearly $35. 8 billion (RMB 254. 8B), gaining over 20% so far this year. The EV maker reportedly started gauging investor interest for the HK listing in October, with plans to raise between $1. 5 and $2 billion. The Huawei partner met the investors in mid-October and agreed that the deal size might change. Meanwhile, listing proceeds have already exceeded the four-year high of $26 billion projected for 2025. Seres offers IPO shares at a 22% discount Seres’ HK listing price represents a 22% discount to the $21. 8 (155. 19 Yuan) closing price on October 31 on the SSE. However, the company’s deal is reportedly Hong Kong’s eighth listing that raised over $1 billion this year. China Galaxy Securities Co. and China International Capital Group both co-sponsored the company’s HK listing. The EV maker’s partnership with Huawei is also reportedly beneficial to the continued growth and stability of its stock price, and it is expected to boost profits by up to 72% to a record 10. 2 billion Yuan in 2025. Meanwhile, the AITO brand maker’s Stock Connect eligibility and A-H share fungibility remain unclear, which could maintain price disparities between its Hong Kong and Shanghai listings. The.

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SCOOP: Not cancelled! Love & War Italy schedule back on – Sanjay Leela Bhansali to shoot grand climax in Italy this December

In what marks a striking production shift for one of Bollywood’s most ambitious projects, director Sanjay Leela Bhansali’s Love & War has re-mapped its shooting strategy. Although earlier reports noted that the film’s international schedule in Italy had been cancelled, insiders clarify that the shoot was not cancelled, but rather reshaped to accommodate actor schedules with about ten days of filming in Mumbai and the grand finale now set to be shot in Italy by December 2025. According to well-placed industry sources, “Sanjay Leela Bhansali recreated 1970s Italy right here in Mumbai for Love & War. Around ten days of shoot were completed before Diwali, and the final 20-day schedule, featuring the film’s grand climax, is expected to take place by December 2025 in Italy. The team is eyeing an Eid 2026 release.”Initial reports suggested a full cancellation of the Italy schedule due to logistical complexities. But the revised strategy shows a different picture: those Italy-bound scenes began in Mumbai, with extensive sets recreating 1970s Italian landscapes in the city. After completing the first phase, the production will now move to Italy for the final climax preserving the intended locale while accommodating the actors’ availability. This two-pronged strategy offers multiple gains. Mumbai filming minimised schedule clashes and logistical overheads at a time when international travel is more complex. Then, the Italy segment will provide the scale, authenticity, and grandeur that Bhansali’s canvases are known for comfortable for an Eid 2026 release, as the source indicates. With major stars on board including Ranbir Kapoor, Alia Bhatt and Vicky Kaushal the complex shoot was always under scrutiny. The film had originally planned a 45-day schedule in Italy, but revision was flagged when the location proved logistically complex. Now, the creative team seems to be walking a smart middle path anchoring early filming in Mumbai, then scaling up the international component when the actors’ calendars align. The shift also suggests Bhansali’s commitment to delivering the opulence and atmosphere his films are famed for by actually going to the location for the climax, instead of fully settling into interior sets in Mumbai. The upcoming Italy schedule is pegged at around 20 days, and its completion will likely set the stage for post-production to begin in earnest. With an Eid 2026 release targeted, the timeline aims for a grand festive launch. Whether the film retains all its intended visual scale remains to be seen but with Bhansali at the helm, expectations are high. Also Read: Two of my favourite actors: Ranbir Kapoor talks working with Vicky Kaushal and Alia Bhatt in Bhansali’s Love & War.