15 Biggest IPOs of 2020

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11. Li Auto (LI)

LI ranks 11th in our list of the biggest IPOs of 2020. Li Auto is a Chinese electric vehicle manufacturer that was founded in 2015. The founder and CEO of Li Auto is Li Xang. This company is backed by two of the largest consumer service applications in China, Meituan and Bytedance. What makes Li Auto distinct from other electric vehicles companies is the fact they have specialized in plug-in hybrid vehicles. Their vehicles can be powered by gasoline and electricity. In 2020, Li Auto went public and raised $1,092.5 million in the IPO with a market cap of $30,913 million.

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