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Tesla’s Chinese RIval Xpeng raise up to $2 billion

Posted on June 25, 2021June 26, 2021 By Haris Daniyel
XPeng P7

The Guangzhou-based company said on Thursday that it will issue 85 million Class A common shares at a price of no more than HK $ 180 (US $ 23.19) per share. The final price will be confirmed around June 30.

Based on the higher bid price, Xpeng Motors will raise Hong Kong $ 15.3 billion (US $ 1.97 billion) before excluding related costs such as subscription fees.

Xpeng has been listed in New York. Its Hong Kong stock offering is unusual in that it does not make secondary listings like companies like Alibaba and JD.com. Secondary listing refers to a company that already has a significant listing location, such as the United States, and then sells its shares on another exchange.

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Icici direct
  • Salman-Rushdie
    Hadi Matar, Stabbed Salman Rushdie At New York International News
  • Coronation_Bridge
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  • Petrol_Station
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  • Yogi_Adityanath
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  • COVID-19_rapid_test
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  • Jammu_and_Kashmir_Light_Infantry_(JAK_LI)_soldier
    Migrant labourer killed by terrorists in J&K National News
  • sexual-harassment
    Three minor school girls raped in Delhi, 4 detained National News

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