On July 26, Lixiang Automotive updated its prospectus to the U.S. SEC, announcing that the size of the public offering of IPO shares is 95 million ADSs, and the IPO underwriters have 14.25 million ADSs oversubscription rights, with an issue price ranging from US$8 to US$10.
On June 24, according to a LatePost report, electric carmaker Lixiang Automotive is about to receive $550 million in Series D financing, of which Meituan will invest $500 million.
In the report, Lixiang Automotive founder Li Xiang will invest 30 million of the remaining $50 million. The company’s post-investment valuation is $4.05 billion. The transaction is currently in progress.