EV Maker Li Auto Raises $1.5 Billion in Hong Kong Listing (2)

Chinese electric vehicle maker Li Auto Inc. has raised HK$11.8 billion ($1.5 billion) in its Hong Kong listing, adding to the cohort of U.S.-traded mainland companies selling shares in the Asian financial hub.

Li Auto priced 100 million shares at HK$118 each, it said in a statement to the city’s stock exchange on Friday. The price represents a discount of about 3.2% to its last close on the Nasdaq on Thursday. The carmaker had set a maximum price of HK$150 apiece for the portion reserved for retail investors. One of its American depositary shares is equal to two ordinary shares. ...