Li Auto Inc.

Li Auto Inc. (LI) priced its initial public offering on Jul 30, 2020 at $11.50 per ADS, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $9.62B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, UBS and CICC and others. Skadden, Arps, Maples and Calder and Han Kun advised the company and Kirkland & Ellis and King & Wood Mallesons advised the underwriters.

Li Auto Inc. designs, develops, manufactures and sells premium smart electric SUVs in China. Its first model, Li ONE, is a six-seat extended-range electric SUV that entered volume production in November 2019, with over 10,400 delivered by June 30, 2020, aimed at families.

Status

IPO

Ticker

LI

Exchange

Nasdaq Global Select

Priced

Jul 30, 2020

IPO price

$11.50 per ADS

Market cap at IPO price

$9.62B

First filed

Jul 10, 2020

Underwriters

Goldman Sachs, Morgan Stanley, UBS, CICC and US Tiger

Company counsel

Skadden, Arps, Maples and Calder and Han Kun

Underwriters' counsel

Kirkland & Ellis and King & Wood Mallesons

Sector

Industrials & materials

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.