China's Leapmotor to raise $800 mn via Hong Kong IPO: Report

Chinese electric vehicle-maker Leapmotor is set to raise $800 million by pricing its shares at about $6.12 each in its Hong Kong IPO, Reuters reported. The firm had earlier aimed to raise $1.03 billion via the IPO but decided to reduce its size based on investors' response. Leapmotor is selling 130.82 million shares in the IPO.