Meituan Dianping-backed Li Auto targets $100m US listing

WallSt_Adobe_575x375_12June2020
By Jonathan Breen
13 Jul 2020

Electric vehicle maker Li Auto is planning to float American Depository Shares (ADS) on the Nasdaq. It is eyeing $100m in proceeds.

The Chinese company, which counts mainland delivery company Meituan Dianping among its investors, submitted IPO documents with the US regulator on July 10.

Leading the deal are underwriters CICC, Goldman Sachs, Morgan Stanley and UBS. SNB Finance Holdings and Tiger Holdings are on the IPO in junior roles.

...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial