Xpeng Expands its IPO Fundraising Scale to USD 1.5 billion

Automotive Aug 28, 2020 08:30 AM (GMT+8) · EqualOcean

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.

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