China's EV Maker WM Motor Said to Weigh $1 Billion Hong Kong IPO

(Bloomberg) — Chinese electric vehicle manufacturer WM Motor Holdings Ltd. is considering raising about $1 billion in a Hong Kong initial public offering, according to people familiar with the matter. The company could launch the share sale before the end of the year, said the people, who asked not to be identified as the information is private. Deliberations are ongoing and details including size and timeline could change, the people said. The firm filed pre-listing documents with the Hong Kong exchange on Wednesday, in an initial step to join a slew of competitors already trading in the Asian financial hub….