Xpeng Expands its IPO Fundraising Scale to USD 1.5 billion
AutomotiveAug 28, 2020 08:30 AM (GMT+8)
According to Chinese media 36kr, sources said that due to higher-than-expected market demand Xpeng has increased the size of its IPO in the US to approximately USD 1.5 billion. The potential Tesla challenger originally planned to issue 85 million ADS at a price of USD 15 per share, corresponding to a fund-raising scale of USD 1.28 billion.
EqualOcean is an information service provider and investment research company that aims to become a global platform for industrial innovation. Founded in February 2014 and headquartered in Beijing, with a client network covering over 50 countries, the firm provides comprehensive professional services, including industry research, investment analysis, innovation consulting, data products, corporate branding and international strategy.
Beijing9 Xiaguangli, 10F Block A CEC Development Mansion, Chaoyang Dc, Beijing 100125, China
Shanghai2707-2708, AI Tower, 701 Yunjin Road, Xuhui Dc, Shanghai 200232, China