Ideal auto update prospectus: raising more than $900 million

category:Finance
 Ideal auto update prospectus: raising more than $900 million


If the middle price of IPO is 9 US dollars, the total share capital of ideal automobile after IPO is about 888 million shares of ads, and the IPO valuation is up to 8 billion US dollars. If the upper limit of issuing price range is 10 US dollars, the valuation can reach 8.8 billion US dollars.

The financial data of Q2 updated by ideal automobile in 2020 shows that: Q2 revenue is 1.9 billion yuan, up 128.6% month on month compared with Q1; Q2 delivery volume increases by 128% to 6604 compared with 2896 units in Q1, with 21 retail stores, 18 delivery centers and 17 service centers nationwide, with 700 sales and service personnel.

The gross profit margin increased from 8% in Q1 to 13.3% in Q2, mainly due to the increase of product sales scale; operating expenses increased by 44.1% to 436 million yuan from 302.5 million yuan in Q1; Q2 net loss was 75.2 million yuan, Q1 was 77.1 million yuan. After deducting the impact of option related fair value changes, Q2 net loss was 159 million yuan and Q1 was 253 million yuan.

The operating cash flow was positive cash flow of 451.7 million yuan, which was significantly improved compared with the 63 million yuan in Q1. As of June 30, the cash and short investment on account was 3.7 billion yuan, an increase of 300 million yuan compared with 3.4 billion yuan in Q1. As early as September last year, the ideal car launched the IPO in the United States. In the early morning of July 11, ideal auto officially submitted its prospectus to the US Securities and Exchange Commission. The stock code is Li, and the Underwriters include Goldman Sachs, Morgan Stanley, UBS, CICC, etc. Recently, news of new forces of domestic car making has been constantly reported. In addition to the IPO of ideal automobile in the United States, Xiaopeng automobile also announced the financing of nearly 500 million US dollars for C + round. On July 24, it was reported that Weima automobile was considering IPO in Shanghai Science and technology innovation board. In response, Weima said it would not comment on market rumors. Source: Wang Xiaowu, editor in charge of Beijing News_ NF

The operating cash flow was positive cash flow of 451.7 million yuan, which was significantly improved compared with the 63 million yuan in Q1. As of June 30, the cash and short investment on account was 3.7 billion yuan, an increase of 300 million yuan compared with 3.4 billion yuan in Q1.

As early as September last year, the ideal car launched the IPO in the United States. In the early morning of July 11, ideal auto officially submitted its prospectus to the US Securities and Exchange Commission. The stock code is Li, and the Underwriters include Goldman Sachs, Morgan Stanley, UBS, CICC, etc.

Recently, news of new forces of domestic car making has been constantly reported. In addition to the IPO of ideal automobile in the United States, Xiaopeng automobile also announced the financing of nearly 500 million US dollars for C + round. On July 24, it was reported that Weima automobile was considering IPO in Shanghai Science and technology innovation board. In response, Weima said it would not comment on market rumors.