They are running out of cash t

2021-08-03

They are running out of cash to burn. Scaling is the most challenging part and this is one of the quickest way.

EV Maker Li Auto Seeks $1.9 Billion in Hong Kong Listing

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Willretard8
2021-08-03
Willretard8
Now they burn investors money

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Scaling is the most challenging part and this is one of the quickest way.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/804559319","repostId":2156117308,"repostType":4,"repost":{"id":"2156117308","pubTimestamp":1627943866,"share":"https://www.laohu8.com/m/news/2156117308?lang=&edition=full","pubTime":"2021-08-03 06:37","market":"us","language":"en","title":"EV Maker Li Auto Seeks $1.9 Billion in Hong Kong Listing","url":"https://stock-news.laohu8.com/highlight/detail?id=2156117308","media":"Bloomberg","summary":"Chinese company is selling 100 million shares in listing\nLi Auto follows rival XPeng in selling shar","content":"<ul>\n <li>Chinese company is selling 100 million shares in listing</li>\n <li>Li Auto follows rival XPeng in selling shares in Hong Kong</li>\n</ul>\n<p>Electric vehicle maker Li Auto Inc. is looking to raise as much as HK$15 billion ($1.9 billion) in its Hong Kong listing.The Beijing-based firm is offering 100 million shares for as much as HK$150 each, according to a statement.</p>\n<p>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.</p>\n<p>Li Auto is following in the footsteps of larger rival XPeng Inc., which raised $1.8 billion in a dual primary listing in the city in June. U.S.-traded Chinese companies are pivoting to so-called homecoming listings in Hong Kong as a way to hedge against the risk of being delisted from American exchanges as well as broadening their investor base.</p>\n<p>Li Auto shares are down 2.9% since the beginning of July, giving the company a market value of about $30 billion. The shares fell about 2.5% in late trading Monday. XPeng is currently trading little changed from its offer price in Hong Kong.</p>\n<p>Like XPeng, Li Auto’s listing will be dual primary. The EV firms aren’t eligible for the waiver that some greater China-based companies use to seek a secondary listing, as they don’t have a track record of at least two years’ trading on another exchange.</p>\n<p>Li Auto raised $1.3 billion in its U.S. initial public offering a year ago. Its shares have risen 193% from its offer price as part of a global rally in EV stocks.</p>\n<p>The carmaker is still loss-making, recording a net loss of $54.9 million in the first three months of this year on revenues of $546 million, its prospectus shows.</p>\n<p>It plans to set the final price for the listing Aug. 6 and trading is slated to begin Aug. 12, according to a filing to Hong Kong stock exchange.</p>\n<p>Goldman Sachs Group Inc. and China International Capital Corp. are joint sponsors for Li Auto’s Hong Kong listing, while UBS Group AG is the financial adviser.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Maker Li Auto Seeks $1.9 Billion in Hong Kong Listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Maker Li Auto Seeks $1.9 Billion in Hong Kong Listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 06:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-02/ev-maker-li-auto-seeks-1-9-billion-in-hong-kong-listing><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese company is selling 100 million shares in listing\nLi Auto follows rival XPeng in selling shares in Hong Kong\n\nElectric vehicle maker Li Auto Inc. is looking to raise as much as HK$15 billion ($...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-02/ev-maker-li-auto-seeks-1-9-billion-in-hong-kong-listing\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-02/ev-maker-li-auto-seeks-1-9-billion-in-hong-kong-listing","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156117308","content_text":"Chinese company is selling 100 million shares in listing\nLi Auto follows rival XPeng in selling shares in Hong Kong\n\nElectric vehicle maker Li Auto Inc. is looking to raise as much as HK$15 billion ($1.9 billion) in its Hong Kong listing.The Beijing-based firm is offering 100 million shares for as much as HK$150 each, according to a statement.\nThe 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.\nLi Auto is following in the footsteps of larger rival XPeng Inc., which raised $1.8 billion in a dual primary listing in the city in June. U.S.-traded Chinese companies are pivoting to so-called homecoming listings in Hong Kong as a way to hedge against the risk of being delisted from American exchanges as well as broadening their investor base.\nLi Auto shares are down 2.9% since the beginning of July, giving the company a market value of about $30 billion. The shares fell about 2.5% in late trading Monday. XPeng is currently trading little changed from its offer price in Hong Kong.\nLike XPeng, Li Auto’s listing will be dual primary. The EV firms aren’t eligible for the waiver that some greater China-based companies use to seek a secondary listing, as they don’t have a track record of at least two years’ trading on another exchange.\nLi Auto raised $1.3 billion in its U.S. initial public offering a year ago. Its shares have risen 193% from its offer price as part of a global rally in EV stocks.\nThe carmaker is still loss-making, recording a net loss of $54.9 million in the first three months of this year on revenues of $546 million, its prospectus shows.\nIt plans to set the final price for the listing Aug. 6 and trading is slated to begin Aug. 12, according to a filing to Hong Kong stock exchange.\nGoldman Sachs Group Inc. and China International Capital Corp. are joint sponsors for Li Auto’s Hong Kong listing, while UBS Group AG is the financial adviser.","news_type":1},"isVote":1,"tweetType":1,"viewCount":414,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["AONE.U","AONE"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":90,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5411161,"gmtCreate":1627966780123,"gmtModify":1663231859925,"authorId":3581490787994555,"author":{"id":3581490787994555,"authorId":3581490787994555,"name":"Willretard8","avatar":"https://static.tigerbbs.com/55d367736decafe822ab65564b27b8a2","vip":1,"hat":"https://static.tigerbbs.com/3b7820dfed76481d8dc4de6ac5a7a136","crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":804559319,"type":1,"supId":0,"prevId":0,"content":"Now they burn investors money","text":"Now they burn investors money","html":"Now they burn investors money","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/804559319"}