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RyanDonovan7

RyanDonovan7

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2021-08-07

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2021-08-07

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The carmaker is selling 100 million shares in its Hong Konglistingand had set a maximum price of HK$150 apiece for the portion reserved for retail investors. One of its American depositary shares is equal to two ordinary shares.</p>\n<p>Pricing isn’t finalized as deliberations are still ongoing, said the people, who asked not to be identified as the discussions are private. A representative for the company didn’t immediately reply to a request for comment.</p>\n<p>Li Auto will be the second U.S.-traded Chinese EV maker to list in Hong Kong after larger rivalXPeng Inc.raised $2.1 billion in a dual primary listing in the city in June. Mainland firms listed stateside have been seeking trading footholds 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>The Hong Kong offering by Li Auto is happening at a tumultuous time for stocks in the city, following a series of moves by Beijing to rein in firms in sectors such as technology and education. The government has also said companies with over 1 million users’ data will need to submit to a cybersecurity review to list overseas.</p>\n<p>Li Auto raised about $1.3 billion in its U.S. initial public offering a year ago. Its shares have traded at more than three times the offer price of $11.50, riding on investor enthusiasm for EV makers. The stock closed at $31.35 on Thursday.</p>\n<p>The company’s shares are set to start trading in Hong Kong on Aug. 12. 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>Li Auto Said Poised to Raise $1.5 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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nLi Auto Said Poised to Raise $1.5 Billion in Hong Kong Listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 20:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-06/li-auto-said-to-guide-pricing-hong-kong-listing-at-hk-118-each><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Electric vehicle maker price shares at HK$118 each.\nLi Auto to join XPeng to list in Hong Kong after U.S. debuts.\n\nChinese electric vehicle makerLi Auto Inc.is set to raise about HK$11.8 billion ($1.5...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-06/li-auto-said-to-guide-pricing-hong-kong-listing-at-hk-118-each\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-06/li-auto-said-to-guide-pricing-hong-kong-listing-at-hk-118-each","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177306817","content_text":"Electric vehicle maker price shares at HK$118 each.\nLi Auto to join XPeng to list in Hong Kong after U.S. debuts.\n\nChinese electric vehicle makerLi Auto Inc.is set to raise about HK$11.8 billion ($1.5 billion) in its Hong Kong listing as it price the shares at HK$118 apiece.\nThe price represents a discount of about 3.2% to Li Auto’s closing price on the Nasdaq on Thursday. The carmaker is selling 100 million shares in its Hong Konglistingand had set a maximum price of HK$150 apiece for the portion reserved for retail investors. One of its American depositary shares is equal to two ordinary shares.\nPricing isn’t finalized as deliberations are still ongoing, said the people, who asked not to be identified as the discussions are private. A representative for the company didn’t immediately reply to a request for comment.\nLi Auto will be the second U.S.-traded Chinese EV maker to list in Hong Kong after larger rivalXPeng Inc.raised $2.1 billion in a dual primary listing in the city in June. Mainland firms listed stateside have been seeking trading footholds in Hong Kong as a way to hedge against the risk of being delisted from American exchanges as well as broadening their investor base.\nThe Hong Kong offering by Li Auto is happening at a tumultuous time for stocks in the city, following a series of moves by Beijing to rein in firms in sectors such as technology and education. The government has also said companies with over 1 million users’ data will need to submit to a cybersecurity review to list overseas.\nLi Auto raised about $1.3 billion in its U.S. initial public offering a year ago. Its shares have traded at more than three times the offer price of $11.50, riding on investor enthusiasm for EV makers. The stock closed at $31.35 on Thursday.\nThe company’s shares are set to start trading in Hong Kong on Aug. 12. 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.","news_type":1},"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891943098,"gmtCreate":1628323010614,"gmtModify":1703505086351,"author":{"id":"3585635824436391","authorId":"3585635824436391","name":"RyanDonovan7","avatar":"https://static.tigerbbs.com/3f134ba9fcdf4c70bf1f3d86e4793c18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891943098","repostId":"2157464603","repostType":4,"isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}