Automotive Jul 30, 2020 10:08 AM (GMT+8) · EqualOcean
According to people familiar with the matter, Li Auto will raise USD 1.1 billion in the US initial public offering (IPO) with an issue price of USD 11.5 per American depositary share (ADS) after selling its shares to investors at a price higher than expected, says foreign media. Prior to this, the company claimed that the IPO price per ADS will be between USD 8 and USD 10. The company will go public on July 31.
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