Chinese electric vehicle maker Li Auto launches IPO of up to $950m

Chinese electric vehicle maker Li Auto launches IPO of up to $950m

Chinese electric vehicle maker Li Auto Inc, backed by food delivery giant Meituan Dianping, has launched an initial public offering of up to $950 million, in one of the biggest U.S. listings by Chinese companies this year.

The five-year-old automaker, formerly known as CHJ Automotive, is selling 95 million American depositary shares (ADDS) at an indicative range of $8 to $10 per share, according to its updated prospectus filed with the U.S. Securities and Exchange Commission on Friday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter