Electronics

Li Auto plans to list $ 1.9 billion in Hong Kong: Report

  • Li Auto, which went public on the Nasdaq last July and raised $ 1.09 billion, announced that it will issue 100 million shares at the Hong Kong IPO with an offer price of up to HK $ 150 per share.
  • It will provide up to 10 million shares to Hong Kong investors and up to 90 million shares to global investors, the exchange filing said.

Chinese electric vehicle maker Li Auto Inc is considering raising HK $ 15 billion ($ 1.93 billion) in its initial public offering (IPO) in Hong Kong, according to a Reuters report. rice field. A month after rival XPeng Inc raised $ 1.8 billion in its debut in Hong Kong, it sought to meet the growing investor interest in electric car makers.

Li Auto, which went public on the Nasdaq last July and raised $ 1.09 billion, announced that it will issue 100 million shares at the Hong Kong IPO with an offer price of up to HK $ 150 per share. The offer also includes a greenshoe or over-allotment option to sell an additional 15 million shares within 30 days of listing, which can total up to HK $ 17.25 billion.

The report added earlier in the week that Li Auto reported that shipments of Li ONE, the only medium-sized crossover SUV that exceeded the 8,000 vehicle milestone in July, more than tripled. rice field. It will provide up to 10 million shares to Hong Kong investors and up to 90 million shares to global investors, the currency return said.

https://www.electronicsb2b.com/industry-buzz/li-auto-plans-1-9-billion-hong-kong-listing-report/ Li Auto plans to list $ 1.9 billion in Hong Kong: Report

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