China’s US-listed EV trio are coming to Hong Kong, aiming to raise a combined US$5 billion in secondary listings this year, sources say

//China’s US-listed EV trio are coming to Hong Kong, aiming to raise a combined US$5 billion in secondary listings this year, sources say

China’s US-listed EV trio are coming to Hong Kong, aiming to raise a combined US$5 billion in secondary listings this year, sources say

US-listed Chinese electric vehicle (EV) makers Li Auto Inc, NIO and Xpeng plan to list in Hong Kong as soon as this year, to tap an investor base closer to home, said three people with direct knowledge of the matter.The trio each aim to sell at least 5 per cent of their enlarged share capital in the Asian financial hub, the people said. Based on their New York market capitalisation on Monday, proceeds could total around US$5 billion.The EV makers have been working with advisors on the sales…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-03-09T06:13:39+00:00 March 9th, 2021|Technology|Comments Off on China’s US-listed EV trio are coming to Hong Kong, aiming to raise a combined US$5 billion in secondary listings this year, sources say