NIO, XPEV, and Li Auto Reportedly Planning Hong Kong Listing

There are rumors that $XPEV, $NIO, and $Li, all EV stocks with U.S. listings currently, are planning to do a Hong Kong listing soon. Xpeng and Li Auto will likely go for a "dual primary listing", whereas NIO will be looking to do a "secondary primary listing."

See: https://www.benzinga.com/tech/21/03/20270999/nio-xpeng-li-auto-hire-investment-advisors-for-hong-kong-ipo-report

https://www.reuters.com/article/us-hongkong-listings-china-electric-excl/exclusive-chinese-ev-trio-eye-hk-listings-this-year-to-raise-combined-5-billion-sources-idUSKBN2B10E5

While this seems like a good thing for the companies, since it will give them greater access to capital should they need to raise more money with further offerings, I am left wondering whether a new listing on a different stock exchange is dilutive to current shareholders. Wondering what others' take on this one is.

Submitted March 22, 2021 at 09:24PM by ManBroSON https://ift.tt/315R81V