Leapmotor to Raise $1B in Hong Kong IPO, Starts Trading on September 29

(Source: Leapmotor)

On September 20, Leapmotor, a Hangzhou-based smart electric vehicle brand, announced through the Hong Kong Stock Exchange (HKEx) that it will issue 131 million shares at a price of HK $48 to HK $62 ($6.12 – $7.9) per share. It will start trading on September 29. Given the upper limit price of HK $62, the market value of Leapmotor is a…