Chinese EV maker Leapmotor raises US$800mil in IPO

Homecoming deal: Electronic boards display various stock prices at Exchange Square in Hong Kong. Hangzhou-based Leapmotor’s offering joins a group of similarly sized listings as larger deals come back to Hong Kong. — AFP

HONG KONG: Chinese electric-vehicle (EV) maker Zhejiang Leapmotor Technology Co has raised about HK$6.3bil (US$800mil or RM3.66bil) in its Hong Kong initial public offering (IPO), according to sources.

Leapmotor priced the offering at HK$48 (RM27.98) per share, the bottom of its marketed range, said the sources.