Report-Chinese EV Makers Eye Hong Kong Listings This Year To Raise Combined $5 Billion - The Sikh Times
Finance

Report-Chinese EV Makers Eye Hong Kong Listings This Year To Raise Combined $5 Billion

Hong Kong: 10-Mar-21 U.S.-listed Chinese electric vehicle (EV) makers Li Auto Inc, Nio Inc and Xpeng Inc plan to list in Hong Kong as soon as this year, tapping a growing investor base closer to home, said people with direct knowledge of the matter. The trio each aim to sell at least 5% of enlarged share capital in the Asian hub, the people said. Based on their New York market capitalisation on Monday, proceeds could reach $5 billion. The companies have been working with advisors on the sales which could begin as early as mid-year, said one of the people, who declined to be identified due to confidentiality constraints. Li Auto, Nio and Xpeng – which have raised $14.7 billion in U.S. markets since 2018 – declined to comment.

Related posts

Reliance Jio Emerges as Fifth-Strongest Company

thesikh

Domestic fuel rates hiked sixth consecutive day,Touch two-year high

thesikh

Income Tax Deductions, Work From Home Benefits,Budget 2021

thesikh

DRI, SEBI, ED on alert, trade-based money laundering increases by 65 per cent

thesikh

The Sensex dropped as much as 1,334 points from the day’s highest level and Nifty 50 index touched an intraday low of 14,478.60.

thesikh

Finance Minister Nirmala Sitharaman Presents Budget

thesikh

Leave a Comment