Automotive Aug 19, 2020 04:33 PM (GMT+8) · EqualOcean
According to sources familiar with the matter, Xpeng Motors plans to submit a USD 1 billion US stock IPO application this Friday. The company plans to go public this weekend. Pricing is tentatively scheduled on August 26 and will be listed on August 27. Xpeng Motors completed pre-IPO financing of USD 900 million in total on August 6, valuing the firm close to USD 4 billion.
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