Leapmotor wins approval for Hong Kong IPO

Source: just-auto.com just-auto.com

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- - - - Chinese electric vehicle (EV) startup Zhejiang Leapmotor Tech has won approval to list its shares on the Hong Kong Stock Exchange in an initial public offering (IPO) expected to raise between US$1bn and US$1.5bn, according to local reports citing industry sources. Leapmotor, based in Hangzhou in Zhejiang province, hopes to launch the IPO in September and plans to hold a series of investor meetings next week to generate demand for its shares. If successful, Leapmotor would be the fourth EV manufacturer to list in Kong Kong in just over a year, after XPeng raised US$2.1bn in...