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Chinese EV startup Li Auto Inc. makes trading debut in Hong Kong

August 12, 2021


Abstract : Chinese electric vehicle (EV) maker Li Auto Inc. made its trading debut on Hong Kong market on Thursday.

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Aerial photo taken on March 8, 2021 shows workers driving new energy vehicles out of a parking lot at a logistics park in Liuzhou, south China's Guangxi Zhuang Autonomous Region. (Photo by Li Hanchi/Xinhua)

BEIJING, Aug. 12 (Xinhua) -- Chinese electric vehicle (EV) maker Li Auto Inc. made its trading debut on Hong Kong market on Thursday.

Upon the approval of the Stock Exchange of Hong Kong Limited, the shares have been traded on the main board of the Stock Exchange, under the stock code "2015".

The startup issued 100 million shares in total, priced at 118 Hong Kong dollars (about 15.17 U.S. dollars) per share.

The final offer price for both the global offering and the Hong Kong public offering has been set at 118 Hong Kong dollars, which makes the company's American depositary share (ADS) valued at 30.36 U.S. dollars, each ADS representing two class A ordinary shares.

The net proceeds to the company from the global offering, after deducting underwriting fees and the offering expenses, are expected to be approximately 11.6 billion Hong Kong dollars.

(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)

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Keyword: EV Li Auto Inc.

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