Chinese food delivery platform Meituan Dianping-backed electric vehicle maker Li Auto Inc’s stock jumped over 50 per cent following its debut on Nasdaq on Thursday after raising $1.1 billion in its initial public offering (IPO).
The offering of 95 million American depositary shares (ADS) was priced at $11.50 per share. The stock opened at $15.50 and extended gains to rise as much as $17.50, adding to the growing list of strong debuts this year, Reuters reported.
