The price will be formally set on Wednesday in the United States but the indicative $15 is higher than the guidance of $11 to $13 the company gave when the transaction launched last week.The Alibaba-backed Xpeng will sell 85 million American Depository Shares , and at $13 would have raised $1.1 billion.
However, the target price was increased after strong demand from investors, the two sources said, which took the raising to $1.275 billion.Founded in 2014, Guangzhou-based Xpeng sells G3 sport-utility vehicles and P7 sedans with intelligent functions. Led by chief executive He Xiaopeng, it makes cars in two factories in China.Property management group Beike raised $2.12 billion in an IPO this month and Li Auto secured $1.1 billion when it hit the public markets in late July.
Quanto tempo sem avariar de vez?
We do not seem to agree with China anyway. Keep raising them IPO. plenty of EV bubbles to burst on this side though the bancs are managed externally.
Hello Guys, Please take time and Check out my new video 🙏🙏🙏 Dj Hoodrich - Future King feat. TheWu (Official Video) via YouTube
Learned nothing from Luckin Coffee?
Why is a Chinese company allowed to list in the US? Madness.
Lovely China get it to Oman & GCC. We will purchase it.
is this when people realise tesla isn't really doing anything novel?