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USD Fund IV closed in 7 months and was oversubscribed despite COVID-19 challenges
Mingming Huang speaks with Tom Mackenzie and Rishaad Salamat on “Bloomberg Markets: Asia.” (Source: Bloomberg)
The best way to predict the future is to create it and we are proud to see Li Auto doing just that.
Li Auto Inc’s stock soared more than 50% following its debut on Nasdaq on Thursday, after the Chinese electric vehicle maker sold shares to investors in its $1.1 billion initial public offering (IPO) for a higher-than-expected price.
Li Auto prices IPO at US$11.5 a share, above the top end of the marketed range. The EV start-up’s IPO is set to be the largest in the US by a Chinese company since December 2018.
Li Auto, a five-year-old Chinese electric vehicle startup, raised $1.1 billion through its debut on Nasdaq on Thursday.