Caocao Inc. (2643 HK) is a leading Chinese ride-hailing platform originally incubated by Geely Group. Caocao plans to list on the Hong Kong Stock Exchange on June 25, 2025, offering 44.18 million primary shares at HK$41.94 each to raise HK$1.85 billion (USD 236.03 million). The company, which is the second-largest player in China by gross transaction value, operates the country's largest fleet of purpose-built ride-hailing vehicles. According to the company, proceeds will be used to enhance service quality, expand its fleet, invest in autonomous driving technology, grow its geographical coverage, and for debt repayment. The offering also includes a 15% greenshoe option.