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China’s Li Auto to raise up to $1.93 billion from Hong Kong listing

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A Li Xiang One hybrid SUV is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 23, 2020 in China.

Li Zhihao | Visual China Group | Getty Images

GUANGZHOU, China — Chinese electric vehicle start-up Li Auto plans to raise around $1.93 billion in a Hong Kong secondary listing.

The Nasdaq-listed company said it will offer 100 million class A ordinary shares to investors at a price of no more than 150 Hong Kong dollars or $19.29. Final pricing will be announced by Aug. 6.

At 150 Hong Kong dollars per share, Li Auto would raise 15 billion Hong Kong dollars or $1.93 billion.

Li Auto is pushing ahead with the listing despite…



Source cnbc.com

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