![]() ![]() returns since IPO: +273% - USD 328.45 (USD 120 starting price) 16, 2020 Deal Size: USD 3.36 billion Current Market Cap: USD 93.2786 billion Approx. Bottom line: This is not a zero-sum game in the Chinese market like it is in developed economies.” “All four will struggle to meet demand in 20, as their biggest challenge will be how to scale up production while maintaining margins, along with the possibility of needing to raise more capital. “Strong competition between NIO, X Peng, LI Auto, and Tesla proves an important point: The high demand in China means there is room for all of them,” says Johnson. X Peng competes against Li Auto and targets the same luxury segment as NIO-the original Chinese EV stock. Investors have made modest gains on this stock as it seeks to reclaim a peak in mid-November. The company’s flagship product is Rocket Mortgage, and it has since launched offerings in industries like auto sales and personal lending. This Detroit-based mortgage company has combined the power of podcast and omnichannel advertising with government-sponsored and insured products in the United States. “Factors driving this growth include the increasing size of China’s domestic market for consumer goods, economies of scale driving down prices, technological advances improving battery range, and the increased roll-out of charging stations,” he says. “China’s share of total global EV sales is also growing at an astonishing rate”, says Elliot Johnson, who leads the Evolve Automobile Innovation Index Fund CARS at Evolve ETFs. Li Auto’s high-end and hybrid electric vehicle offerings are riding a Chinese electric vehicle boom returns since IPO: +260% - USD 30.83 (USD 11.50 starting price) None of the proceeds went to the company itself however, public shareholders eventually benefited after the stock nearly bounced off its IPO price at the end of October.Īpprox. The first big deal waited for markets to begin to calm, with Warner Music-or rather, senior shareholders of the record label company-deciding to sell some stock. returns since IPO: + 31% - USD 32.86 (USD 25 starting price) Source: Pitchbook and Morningstar.Īpprox. Market cap and returns to date are as of Dec. ![]()
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