Envision AESC, the Japan-headquartered EV battery maker controlled by China's Envision Group and backed by Singapore's GIC sovereign wealth fund, is considering a Hong Kong IPO that could raise up to $2 billion. This marks a shift from earlier US listing plans, reportedly driven by complications around US Inflation Reduction Act rules targeting Foreign Entities of Concern with Chinese government ties. Hong Kong's IPO market has been surging, raising a record HK$110 billion in Q1 2026 alone, making it an attractive venue for the listing.
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