Automotive Aug 27, 2020 09:00 AM (GMT+8) · EqualOcean
According to people familiar with the matter, Xpeng Motors plans to go public on the New York Stock Exchange to raise USD 1.28 billion. The same source said that Xpeng plans to issue 85 million American Depositary Shares (ADS) at USD 15 per share, which is higher than the issuance guidance range of USD 11-13. The company is valued at approximately USD 11 billion and is an over-allotment option. The weight ratio is 15%. The stock will be listed and traded in the US on Thursday, local time.
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