Li Auto shrugs off China-US tensions with IPO success

By Jonathan Breen
30 Jul 2020

Electric vehicle manufacturer Li Auto sealed a scorching $1.1bn Nasdaq IPO this week, pricing above the marketed range to make it the largest US listing by a Chinese company in nearly two years. The deal proved there is still interest among mainland firms to list in the US, despite rising hostilities between the two countries, writes Jonathan Breen.

Tensions between the US and China have led to a popular narrative that mainland issuers are no longer keen to list in New York. But the prediction that Chinese companies will increasingly avoid listing on US stock exchanges and instead choose to do IPOs in Hong Kong and ...

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