Chinese EV Maker Li Auto Gets Nod for Hong Kong Listing

Bloomberg2021-07-26

Li Auto could raise $1 billion to $2 billion in listing Rival EV maker XPeng raised $2 billion in Hong Kong last month Chinese electric vehicle maker Li Auto Inc. has received the green light from ...

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suhyong
2021-07-26
suhyong
👍🏻
Berts1818
2021-07-26
Berts1818
Hmm good good
- Newnew:
  HI

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Its updated listing documents were published on the HKEX website on Monday, indicating it has received approval from the bourse.\nA company spokeswoman said the firm wouldn’t comment further beyond the prospectus.\nLi Auto is pushing ahead with a share sale in the Asian financial hub at a time when Beijing is cracking down on overseas listings by Chinese companies. Shares of some of the biggest U.S.-listed Chinese firms have dropped recently as concerns about the regulatory onslaught deepen. Li Auto’s Nasdaq shares fell 8% on Friday, giving the company a market capitalization of $27.4 billion.\nNew Rules\nEarlier this month China proposed new rules that would require nearly all companies seeking to list in foreign countries to undergo a cybersecurity review, a move that will significantly tighten oversight over its internet giants.\nLi Auto will be the second of the trio of U.S.-traded Chinese EV companies to pursue a listing in Hong Kong. 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Increasing competition from legacy carmakers and greater wariness about risk assets had caused last year’s rally to sputter.\nGoldman Sachs Group Inc. and China International Capital Corp. are joint sponsors for Li Auto’s Hong Kong listing, while UBS Group AG is the financial adviser, the prospectus shows.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":800898966,"gmtCreate":1627289363755,"gmtModify":1631887042851,"author":{"id":"3574945348413791","authorId":"3574945348413791","name":"suhyong","avatar":"https://static.tigerbbs.com/01a12053a8cb168b354ea15b5905c433","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3574945348413791","idStr":"3574945348413791"},"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/800898966","repostId":2154959930,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":800805313,"gmtCreate":1627289014332,"gmtModify":1633766487103,"author":{"id":"3582706043127235","authorId":"3582706043127235","name":"Berts1818","avatar":"https://static.tigerbbs.com/cefd679a31691e6ac80ed2847b8e73e0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3582706043127235","idStr":"3582706043127235"},"htmlText":"Hmm good good","listText":"Hmm good good","text":"Hmm good good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/800805313","repostId":2154959930,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5332614,"gmtCreate":1627289716512,"gmtModify":1635221198943,"authorId":3583016139705080,"author":{"id":3583016139705080,"idStr":"3583016139705080","authorId":3583016139705080,"name":"Newnew","avatar":"https://static.tigerbbs.com/c1f72fa81dd8aa4df22904e9ff7b7c9b","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":800805313,"type":1,"supId":0,"prevId":0,"content":"HI","text":"HI","html":"HI"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":43,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2154959930"}