Automotive Aug 28, 2020 08:30 AM (GMT+8) · EqualOcean
Xpeng Motors today announced the issuance of approximately 99.73 million American depositary shares through an initial public offering at a price of USD 15 per share. In addition, the firm also granted the underwriters a 30-day option, allowing the underwriters to purchase up to approximately 1,496 ADS. The total amount of funds raised by Xpeng through this issuance includes the underwriting discount and other issuance expenses that the company needs to pay, but it has not yet considered the possible increase in funds raised due to the underwriter exercising the option to purchase additional shares. Xpeng’s shares are expected to begin trading on the New York Stock Exchange on August 27.

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