EV maker Leapmotor set to raise $800m in Hong Kong IPO — less than target: report

EV maker Leapmotor set to raise $800m in Hong Kong IPO — less than target: report

Leapmotor

China electric vehicle (EV) maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48 ($6.12) each in its Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter.

While that is less than the $1.03 billion the EV maker had said it was aiming to raise, in its regulatory filings last week, the IPO would still be the largest in the city in 2022. Earlier, it had planned to raise $1.5 billion but cut the size after a lukewarm response from investors.

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