$Li Auto (LI.US)$ "Tesla rival Li Auto targets US$1.9 bil...

"Tesla rival Li Auto targets US$1.9 billion in Hong Kong IPO as Chinese electric car sales soar.

Li Auto has set the maximum Hong Kong offer price at HK$150 per share, a 15 per cent premium to its American depositary shares.( HKD150 = USD$19.29. 2 new shares = 1 current ADS =  USD$38.58)

The maximum offer price represents a 14.5 per cent premium to its American depositary shares (ADS) listed on the Nasdaq, after a four-day winning streak lifted them to US$33.68. Each Li Auto ADS represents two ordinary shares".

57.5/ 904.64m shares outstanding =  about 6.3% dilution.(2 new shares = 1 current ADR share)