Last week, ideal motor (Stock Code: “Li”) updated its prospectus with the US SEC, announcing a public offering of 95 million ads shares. Meanwhile, the underwriters of the IPO had 14.25 million ADSS over subscription rights, with an offering price range of $8-10. In other words, if the Underwriters make over subscription rights, the IPO of ideal automobile will raise a total of 874 million to 1.093 billion US dollars.

earlier this month, ideal auto submitted its first US prospectus, with underwriters including Goldman Sachs, Morgan Stanley and UBS.