Bloomberg
China EV Maker Leapmotor Seeks Up to $1 Billion in H.K. IPO
(Bloomberg) — Chinese electric-vehicle maker Zhejiang Leapmotor Technology Co. is looking to raise as much as HK$8.1 billion ($1 billion) in an initial public offering in Hong Kong.Leapmotor, founded in 2015, is offering about 131 million shares at between HK$48 and HK$62 apiece, according to the prospectus on the Hong Kong stock exchange website. Five cornerstone investors, including Zhejiang Industrial Fund and Jinhua Industrial Fund, agreed to purchase around $308.5 million of stock, confirm
