Meituan-backed Li Auto launches $950m US IPO

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By Jonathan Breen
27 Jul 2020

Li Auto, a Chinese electric vehicle maker, has opened books for an offering of American Depository Shares (ADS) on the Nasdaq.

The company, backed by Mainland-based delivery giant Meituan Dianping, is targeting up to $950m in proceeds, which would make it the largest Chinese IPO in the US this year.

Li Auto is selling 95m ADS, each representing two of its class A ordinary shares, at $8.00 to $10.00 ...

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