(Update: Added official statement from Li Auto.)
Li Auto has priced its Hong Kong offering at HK$118 ($15), corresponding to $30 per ADS traded in the US, according to an announcement the company made Friday.
The pricing will allow Li Auto to raise HK$11.8 billion from the global offering without the underwriters exercising their over-allotment option, the company said.
Earlier Friday, Bloomberg first reported Li Auto's plan to price its Hong Kong listing at HK$118.
Li Auto closed down 4.1 percent to $31.35 in the US on Thursday, the pricing is slightly below yesterday's closing price.
Li Auto began its Hong Kong public offering on Aug. 3, and is scheduled to officially trade on the Hong Kong Stock Exchange on Aug. 12.
The company is offering a total of 100 million shares, with 10 percent for the Hong Kong public offering and 90 percent for the international placement.
The company previously said the offering price will not exceed HK$150, or $19.29, which is equivalent to $38.58 per ADS.
Li Auto will take the same dual-primary listing as Xpeng Motors to list on the main board of the Hong Kong Stock Exchange under the symbol "2015." Li Auto was founded in July 2015.
Li Auto seeks to raise up to $1.9 billion in HK listing, shares expected to start trading Aug 12
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