Star Charging considers Hong Kong IPO

Star Charge, a supplier of electric vehicle charging equipment, is considering an initial public offering in Hong Kong to raise about $500 million. Currently, it is arranging the listing with CICC and CMB International, which may take place as early as this year. Guotai Junan International and JPMorgan Chase are also involved. It is reported that the company may seek a valuation of $5 billion when it goes public.