{"id":14035,"date":"2020-07-28T06:58:25","date_gmt":"2020-07-28T10:58:25","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=14035"},"modified":"2020-07-28T13:51:33","modified_gmt":"2020-07-28T17:51:33","slug":"five-ipo-week-ahead-highlighted-by-chinese-ev-maker-li-auto-free","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/five-ipo-week-ahead-highlighted-by-chinese-ev-maker-li-auto-free\/","title":{"rendered":"Five IPO Week Ahead Highlighted by Chinese EV Maker, Li Auto (FREE)"},"content":{"rendered":"


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Five deals are on the calendar to debut this week from various sectors and regionalities all over the globe.<\/p>\n

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\u00a0<\/b>The largest cash raise honors goes to Chinese electric vehicle (EV) company, <\/span>Li Auto Inc (LI), <\/b>which is seeking $855m if the deal prices at the midpoint of the $8-$10 range. Traders are \u201ctossing around” the low-hanging fruit of Tesla Inc (TSLA) comparisons already with this company. According to Page 94 of the prospectus:<\/span><\/p>\n

We<\/span>\u00a0began generating revenues in December 2019, when we began making deliveries of Li ONEs. We recorded RMB841.1\u00a0million (US$118.8\u00a0million) of vehicle sales revenues and RMB10.6\u00a0million (US$1.5\u00a0million) of other sales and services revenues for the three months ended March\u00a031, 2020.<\/span><\/p><\/blockquote>\n

Li Auto is scheduled for a Friday<\/del>\u00a0Thursday debut. IPO Boutique subscribers have color and commentary on how demand and what the “large investors” think of this deal.<\/p>\n

Also tapping US equity markets from abroad on Friday is Vasta Platform Limited (VSTA)<\/strong> — a\u00a0high-growth education company in Brazil powered by technology, providing end-to-end educational and digital solutions that cater to all needs of private schools operating in the K-12 educational segment, ultimately benefiting all of our stakeholders, including students, parents, educators, administrators and private school owners.<\/span><\/p>\n

A “food” IPO is set for Friday as well with Vital Farms Inc (VITL)<\/strong>, \u00a0an ethical food company that is disrupting the U.S. food system, set for a debut this week. It’s a true ‘American Dream’ story with founder\u00a0Matthew O\u2019Hayer and his wife, Catherine Stewart, having founded Vital Farms in 2007 on a 27-acre plot of land in Austin, Texas. Armed with a small flock of hens, they maintained a strong belief that a varied diet and better animal welfare practices would lead to superior eggs.\u00a0<\/span><\/p>\n

Their first sales were at an Austin farmers market<\/strong><\/a>!<\/p>\n

Other deals this week include domestic software tax company, Vertex Inc (VERX)<\/strong>, which is set for a potential $300m+ cash raise as well as Phase 3 gene therapy company, AlloVir (ALVR)<\/strong>, which is scheduled for a Thursday debut.<\/p>\n

Have access to IPOs at the issue price? Indicate with confidence with IPO Boutique’s pre-IPO color and commentary.<\/p>\n