{"id":524952,"date":"2022-09-27T09:30:20","date_gmt":"2022-09-27T04:00:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=524952"},"modified":"2022-09-27T09:47:56","modified_gmt":"2022-09-27T04:17:56","slug":"china-ev-maker-leapmotor-set-to-raise-800-mn-in-hong-kong-ipo-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/china-ev-maker-leapmotor-set-to-raise-800-mn-in-hong-kong-ipo-report\/","title":{"rendered":"China EV maker Leapmotor set to raise $800 mn in Hong Kong IPO: Report"},"content":{"rendered":"<p>Chinese 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), said two sources with direct knowledge of the matter.<\/p>\n<p>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 city&#8217;s largest this year. It had planned to raise $1.5 billion but cut the size after a lukewarm response from investors.<\/p>\n<p>The sources spoke on condition of anonymity as the pricing information was not public. Leapmotor declined to comment.<\/p>\n<p>The pricing revealed on Sunday is at the bottom of the range of HK$48 to HK$62 a share that Leapmotor has set for the 130.82-million-share deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese 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), said 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 city&#8217;s largest this year. It had planned to raise $1.5 billion but cut the size after a lukewarm response from investors. The sources spoke on condition of anonymity as the pricing [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-524952","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/524952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=524952"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/524952\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=524952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=524952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=524952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}