Why Is Li Auto (LI) Stock Falling Today?

InvestorPlace2022-06-29

Li Auto(LI) is falling following news of a stock offering.The company intends to sell up to $2 billion of shares.The funds will go toward the research and development of new electric vehicles (EVs).Li...

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Comments

runningjames
2022-06-29
runningjames
Overly brought plus selling shares sure downfall when there is bad news in market... more to drops. Keep short sell [Miser]
kerukel88
2022-06-29
kerukel88
Ok
Deonc
2022-06-29
Deonc
Will its good moves?
blessed_1
2022-06-29
blessed_1
Ok
HuatZzz
2022-06-29
HuatZzz
👍
nelson21
2022-06-29
nelson21
Please like

Leave a comment

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These shares will represent two Class A ordinary shares of the EV company’s stock. The plan is to sell these through an at-the-market equity offering program.Li Auto will sell these shares at its own discretion. Offering the shares are Goldman Sachs, UBS Securities, Barclays Capital and China International Capital Corporation Hong Kong Securities. The sales will be available to U.S. investors as well as select traders overseas.So what does Li Auto plan to do with the funds from this share offering? The company says the funds will go toward research and development for its next generation of EVs. That includes new EV platform development as well as autonomous vehicle development. The company will also use the money for general corporate purposes.It’s worth mentioning Li Auto announced this share sale shortly after reporting order numbers for its new Li L9 EV. 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Keep short sell&nbsp;[Miser]&nbsp;","listText":"Overly brought plus selling shares sure downfall when there is bad news in market... more to drops. Keep short sell&nbsp;[Miser]&nbsp;","text":"Overly brought plus selling shares sure downfall when there is bad news in market... more to drops. 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