Kirkland Advises on $1.5 Billion Nasdaq IPO and Concurrent Private Placements of Li Auto

Kirkland & Ellis has advised the underwriters on the Nasdaq IPO and concurrent private placements of Li Auto Inc. (NASDAQ: LI), an innovator in China’s new energy vehicle market that designs, develops, manufactures and sells premium smart electric SUVs, that raised US$1.5 billion. This was the largest U.S. IPO by a Chinese issuer since December 2018.

The underwriters included Goldman Sachs (Asia) L.L.C., Morgan Stanley & Co. LLC, UBS Securities LLC, China International Capital Corporation Hong Kong Securities Limited, Tiger Brokers (NZ) Limited and SNB Finance Holdings Limited.

Read more in the press release from Li Auto

The Kirkland team was led by transactional partner David Zhang and capital markets partner Steve Lin.