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Xpeng Poised to Raise $1.8 Billion in Hong Kong Listing

  • Chinese EV maker prices Hong Kong shares at HK$165 each
  • Xpeng becomes first EV maker to complete homecoming listing
Second Day of the Auto Shanghai 2021
Photographer: Qilai Shen/Bloomberg
Updated on

Electric-vehicle maker Xpeng Inc. has raised about HK$14 billion ($1.8 billion) in its Hong Kong listing, becoming the first Chinese EV producer to finish a so-called homecoming share sale.

The U.S.-listed firm sold 85 million shares at HK$165 each, according to an exchange filing on Wednesday, confirming an earlier Bloomberg News report. The offer price represents a discount of about 4.1% to its closing price of $44.32 on Tuesday on the New York Stock Exchange.