- Li Auto, which raised $1.09 billion through its Nasdaq listing in July last year, said it would issue 100 million shares in its Hong Kong IPO at a maximum offer price of HK$150 per share,
- It will offer up to 10 million shares to investors in Hong Kong and 90 million shares to global investors, it said in an exchange filing
As per a report by Reuters, Chinese electric vehicle manufacturer Li Auto Inc said it was looking to raise as much as HK$15.0 billion ($1.93 billion) in an initial public offering (IPO) in Hong Kong.Li Auto’s proposal for secondary listing comes nearly a month after rival XPeng Inc raised $1.8 billion in its Hong Kong debut, aiming to bank on the rising investor interest in electric vehicle makers.
Li Auto, which raised $1.09 billion through its Nasdaq listing in July last year, said it would issue 100 million shares in its Hong Kong IPO at a maximum offer price of HK$150 per share, added the report. The offer also includes a greenshoe, or over-allotment option, to sell a further 15 million shares within 30 days after listing, likely taking the total amount raised to up to HK$17.25 billion.
The report added that earlier in the week, Li Auto reported a more than three-fold jump in the delivery of its only mid-size crossover SUV, Li ONEs, crossing the 8,000-vehicle milestone in July. It will offer up to 10 million shares to investors in Hong Kong and 90 million shares to global investors, it said in an exchange filing.
