Li Auto closes books early on hot demand for US IPO

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By Jonathan Breen
29 Jul 2020

Chinese electric vehicle maker Li Auto has brought forward the close and pricing of its up to $950m Nasdaq listing after securing heavy demand for the deal.

The company, which counts Chinese delivery giant Meituan Dianping among its shareholders, was set to shut the IPO book for all orders at 5pm on Wednesday (Hong Kong time), although allowing exceptions for a few investors that already had meetings scheduled with the issuer later in the day, ...

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