Kirkland Advises on $1.36 Billion Follow-on Offering of Li Auto

Kirkland & Ellis represented the underwriters on the $1.36 billion follow-on public offering of American depositary shares by Li Auto Inc. (NASDAQ: LI), an innovator in China’s new energy vehicle market. The offering was priced on December 4, 2020.

The underwriters included Goldman Sachs (Asia), UBS Securities and China International Capital Corporation Hong Kong Securities.

Read Li Auto’s press release

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