News Snapshot:
(Bloomberg) -- Chinese electric-vehicle maker Leapmotor has picked three banks to work on its planned Hong Kong initial public offering of more than $1 billion, according to people familiar with the matter. China International Capital Corp., Citigroup Inc. and JPMorgan Chase & Co. are working on the listing, the people said, asking not to be identified as the information isn’t public. Leapmotor is considering a Hong Kong listing as soon as next year, Bloomberg News reported in October. Representatives for CICC, Citigroup and JPMorgan declined to comment. A representative for Leapmotor didn’t immediately respond to requests for comment. The startup,...
