Chinese EV maker Li Auto to raise $1.52 billion in Hong Kong listing – sources

Chinese electric vehicle maker Li Auto is targetting raising $1.52 billion in its Hong Kong dual primary listing at HK$118 per share, said three sources with direct knowledge of the matter. The offer, which was flagged to investors, is at a 3.2% discount to the $31.35 closing price of the company’s American Depository Receipts (ADRs) on Thursday in the United States. Li Auto declined to comment.