Chinese electric vehicle manufacturer Li Auto Inc said on Tuesday it was looking to raise as much as HKUS$15.0 billion in an initial public offering in Hong Kong.
Li Auto's proposal for secondary listing comes nearly a month after rival XPeng Inc raised US$1.8 billion in its Hong Kong debut, aiming to bank on the rising investor interest in electric vehicle makers.Li Auto, a six-year old Chinese startup which raised US$1.09 billion through its Nasdaq listing in July last year, said it would issue 100 million shares in its Hong Kong IPO at a maximum offer price of HKUS$150 per share.
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