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Kaixin Auto stock soars after disclosing merger talks, ambition to be like Nio, XPeng and Li Auto

Kaixin Auto stock soars after disclosing merger talks, ambition to be like Nio, XPeng and Li Auto
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Li Auto Seeks to raise around US$1.9 Billion in Hong Kong Offering

Provided by
Dow Jones
By P.R. Venkat
Chinese electric vehicle maker Li Auto Inc. plans to raise as much as 15 billion Hong Kong dollars (US$1.93 billion) through a share offering in Hong Kong.
The company plans to sell 100 million shares and has set a maximum price of HK$150 each for the stock that is expected to start trading on the Hong Kong exchange from Aug.12, Li Auto said Tuesday.
Li Auto is following its fellow EV-maker XPeng Inc. which also listed on the Hong Kong exchange last month to raise US$1.8 billion. Xpeng listed on the New York Stock Exchange last year. ....

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Chinese EV manufacturer Li Auto plans $1.9 billion Hong Kong listing

Chinese EV manufacturer Li Auto plans $1.9 billion Hong Kong listing
FILE PHOTO: People stand near the logo of Chinese electric vehicle (EV) maker Li Auto at a product launch event in Beijing, China May 25, 2021. REUTERS/Yilei Sun
August 3, 2021
(Reuters) – Chinese electric vehicle manufacturer Li Auto Inc said on Tuesday 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. ....

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Chinese EV manufacturer Li Auto plans US$1.9 billion Hong Kong listing

Chinese EV manufacturer Li Auto plans US$1.9 billion Hong Kong listing
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Chinese EV manufacturer Li Auto plans US$1.9 billion Hong Kong listing
Chinese electric vehicle manufacturer Li Auto Inc said on Tuesday it was looking to raise as much as HKUS$15.0 billion (US$1.93 billion) in an initial public offering (IPO) in Hong Kong.
FILE PHOTO: People stand near the logo of Chinese electric vehicle (EV) maker Li Auto at a product launch event in Beijing, China May 25, 2021. REUTERS/Yilei Sun
03 Aug 2021 08:45AM
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REUTERS: Chinese electric vehicle manufacturer Li Auto Inc said on Tuesday it was looking to raise as much as HKUS$15.0 billion (US$1.93 billion) in an initial public offering (IPO) in Hong Kong. ....

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