$LI Li Auto updates IPO terms as it eyes raising $950M
Jul. 27, 2020 10:19 AM ET|About: NIO Limited (NIO)|By: Clark Schultz, SA News Editor
Chinese EV player Li Auto (LI) is looking to raise as much as $950M in the U.S. by selling 95M ADSs in a range of $8 to $10.
The listing will be the largest by a Chinese company this year.
Li Auto plans to launch a highly competitive product in 2022 with pricing aimed at capturing share in the fast-growing large SUV market.
SEC Form F-1
Sector watch: Investors have ignored any of the tension between the U.S. and China to bid up Chinese EV pure play Nio (NYSE:NIO) by over 192% this year. Chinese EV manufacturer Xpeng Motors is also raising money for an EV push.
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