to about $1.49 billion, two sources with direct knowledge of the matter said.
The company will price its shares at $15 each, the sources said, after initially indicating they would be sold for $11 to $13 when the deal was launched on Friday.among its backers, had initially targeted raising $1.11 billion. It had planned to sell 85 million American Depository Shares but increased that to about 99.7 million shares following higher-than-expected demand from investors, the sources said on condition of anonymity as the information is not yet public.Based on the new size of the deal, Xpeng would be valued at around $11.2 billion following its IPO. Its shares will start trading in New York on Thursday.
There is also a so-called greenshoe option in which another 14.96 million shares can be issued within the next 30 days that would allow Xpeng to raise a further $224.4 million.
Who in the world would by a Chinese car?
Liar coming to lie one time again, Americans money maybe be stolen again by Chinese communist party and some Wall Street guys!
Innovation is what drives a country's economy so while Trump does nothing, China is investing billions making sure higher education is affordable for young people.
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Chinese EV maker Xpeng increases U.S. IPO size to $1.5 billion, say sourcesChinese electric vehicle (EV) maker Xpeng has increased the size of its U.S initial public offering (IPO) to about $1.49 billion, two sources with direct knowledge of the matter said. Still isn’t as good as $NIO 🚀🚀 I have no idea what this means....IS an editor not working this shift? DO you know Hurricane Laura's eyewall with 150+ mile an hour winds just struck Lake Charles, Louisiana? Just wow....W O W... Suddenly Chinese IPOs everywhere. Aren’t you jealous
Source: Reuters - 🏆 2. / 97 Read more »
China's EV maker Xpeng raises U.S. IPO pricingChinese electric vehicle maker Xpeng could raise as much as $1.275 billion from its U.S. initial public offering (IPO) after flagging that its shares would be priced at $15, two sources with direct knowledge of the matter said. is this when people realise tesla isn't really doing anything novel? Lovely China get it to Oman & GCC. We will purchase it. Why is a Chinese company allowed to list in the US? Madness.
Source: Reuters - 🏆 2. / 97 Read more »
Chinese EV maker Xpeng increases U.S. IPO size to $1.5 billion, say sourcesChinese electric vehicle (EV) maker Xpeng has increased the size of its U.S initial public offering (IPO) to about $1.49 billion, two sources with direct knowledge of the matter said. Still isn’t as good as $NIO 🚀🚀 I have no idea what this means....IS an editor not working this shift? DO you know Hurricane Laura's eyewall with 150+ mile an hour winds just struck Lake Charles, Louisiana? Just wow....W O W... Suddenly Chinese IPOs everywhere. Aren’t you jealous
Source: Reuters - 🏆 2. / 97 Read more »
China's EV maker Xpeng raises U.S. IPO pricingChinese electric vehicle maker Xpeng could raise as much as $1.275 billion from its U.S. initial public offering (IPO) after flagging that its shares would be priced at $15, two sources with direct knowledge of the matter said. is this when people realise tesla isn't really doing anything novel? Lovely China get it to Oman & GCC. We will purchase it. Why is a Chinese company allowed to list in the US? Madness.
Source: Reuters - 🏆 2. / 97 Read more »