Subscribe

Following NIO and Li Auto, Xpeng is Now Eyeing an IPO in August
COVID-19 and China
Xpeng Motors' all new P7. Image credit: Xpeng Motors

Xpeng Motors, one of the three EV powerhouses of China, is readying for an IPO in the United States. According to Chinese media TechWeb, a person familiar with the matter said that Xpeng Motors plans to raise approximately USD 300 million before going public and is currently negotiating related matters. The same source also mentioned that the company plans to go public in the US as early as mid-August, with an IPO valued at at least USD 700 million with Bank of America, Credit Suisse and JPMorgan Chase are handling the matter.

It is worth mentioning that the EV startup recently raised a handsome USD 500 million from renowned investors such as Aspex, Coatue, Hillhouse Capital and Sequoia China. 

https://equalocean.com/news/2020072014296

Latest Updates:

ANALYST
See Also

Communicate Directly with the Author!

Ask the author questions about the copied text

Research Reports
Editor's Picks