Li Auto | One of largest Chinese Electric Car Maker
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China Electric Car Li Auto IPO in Hong Kong, Drops 0.8% on Day 1 with Market Value of $29 Billion

13th August 2021 | Hong Kong

China electric car company Li Auto has IPO on Hong Kong Exchange (HKEX) in a primary-dual listing, dropping 0.8% from IPO Price of HKD 118 to HKD 117 on day 1 of trading (12/8/21) with a market capitalization of $29 billion.  In the Hong Kong IPO, Li Auto raised $1.5 billion with the dual primary listing in Hong Kong allowing qualified Chinese investors to invest through Stock Connect linking mainland Chinese and Hong Kong markets.  A secondary listing in Hong Kong requires at least 2 financial years of good regulatory compliance on another qualifying exchange.  In August 2020, Li Auto raised $1.09 billion in its IPO on NASDAQ, with the shares rising 39.1% in its 1st week of trading and turning founder Li Xiang into a billionaire (estimated net worth of $5.5 billion). (IPO ~ Initial Public Offering)

“ China Electric Car Li Auto IPO in Hong Kong, Market Value of $29 Billion “

 



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Li Auto, Founded by Li Xiang

Li Auto 3
Li Auto | One of largest Chinese Electric Car Maker

Li Auto was founded in 2015 by Li Xiang as Beijing CHJ Information Technology Co in April 2015.  Also known as Lixiang Automotive, the Chinese electric car maker produces premium smart electric SUVs.

After the IPO, founder and CEO Li Xiang (Age 40) has an estimated net worth of $5.5 billion.  Li Xiang is a serial entrepreneur and is also the founder of computer information platform pcpop.com and Autohome.  Autohome Inc is a car internet platform and is listed on NASDAQ with a market capitalisation of $9.8 billion (13/8/20).

In August 2020, Li Auto raised $1.09 billion in its IPO on NASDAQ, with the shares rising 39.1% in its 1st week of trading and turning founder Li Xiang into a billionaire.  Read More: Li Auto IPO on NASDAQ

 

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