News that Weilai Motor has submitted a listing document in the United States and is about to launch its first IPO
[Reporting that Weilai Automobile has submitted a listing document in the United States and is about to implement its first IPO] According to Bloomberg News, a person familiar with the matter, who declined to be named, revealed that Weilai Automobile, a start-up company of electric vehicles, has submitted a listing document to the United States Securities Exchange and is ready to proceed. Initial Public Offering (IPO). The person familiar with the matter revealed that this time it will be able to raise up to $2 billion, but it is still in the early stages of preparation and the transaction scale may change. In addition, Weilai cars started selling shares at the earliest or in the summer or early fall. Bloomberg pointed out that through the sale of stocks, Weilai Motor’s competitive capital can be increased to better compete with other electric vehicle startups. In fact, relevant information about Weilai Motor's IPO in the United States has repeatedly been reported. In February of this year, foreign media said Weilai Motors has hired Morgan Stanley, Goldman Sachs Investment, Bank of America Merrill Lynch, Credit Suisse, Citibank, Deutsche Bank, JP Morgan Chase and UBS to list this year in the United States. Make preparations for the matter. The media said at the time that the size of Weilai’s IPO in the United States was expected to reach US$1.0 billion to US$2 billion. In April, foreign media reported that Japan’s Softbank Group is negotiating with China’s electric vehicle start-up company Weilai Automobile and plans to purchase approximately US$200 million in the latter’s US IPO. At the same time, Weilai Capital, an affiliate company of Weilai, was reported to be discussing with potential investors in Asia and Europe in April. It is about to complete the first round of overseas financing of about US$500 million. Weilai Automobile was founded by top internet companies and entrepreneurs investing hundreds of millions of dollars in investment, including Tencent, the founder of Li Yi, Li Bin, the founder of automobile company Li Xiang, the founder of JD.com, Liu Qiangdong, and the well-known investment agency Gaolan Capital. . In November last year, Weilai Motors gained US$1 billion in D-round financing, led by Tencent, Baillie Gifford, Lone Pine, CITIC Capital, and China Assets Fund. In April of this year, Li Bin said that it has sufficient funds to support daily operations and mass production plans. Our company specializes in the production and sales of all kinds of terminals, copper terminals, nose wire ears, cold pressed terminals, copper joints, but also according to customer requirements for customization and production, our raw materials are produced and sold by ourselves, we have their own raw materials processing plant, high purity T2 copper, quality and quantity, come to me to order it! LYF Copper Lube Terminals,Ring insulated terminals Taixing Longyi Terminals Co.,Ltd. , https://www.lycopperlugs.com