Hyperdrive
EV Maker Li Auto Seeks $1.9 Billion in Hong Kong Listing
- Chinese company is selling 100 million shares in listing
- Li Auto follows rival XPeng in selling shares in Hong Kong
Visitors tour the Li Auto Inc. booth at the Auto Shanghai 2021 show in Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Electric vehicle maker Li Auto Inc. is looking to raise as much as HK$15 billion ($1.9 billion) in its Hong Kong listing, pushing ahead with its offering even as investors continue to reel from China’s clampdown on business.The Beijing-based firm is offering 100 million shares for as much as HK$150 each, according to a statement.
The offering is being split into 10 million shares for Hong Kong retailers and the rest for international investors, whose shares could be priced higher, Li Auto said in the statement.