Chinese EV Maker XPeng Ends Flat in Hong Kong Trading Debut

New York-traded firm raised $1.8 billion from H.K. listing
Debut comes amid rising concerns about China’s tech crackdown

WATCH: XPeng Inc. Vice Chairman and President Brian Gu discusses the listing, regulatory risks, competitions and the future of the EV market.(Source: Bloomberg)

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By Filipe Pacheco and John Cheng

July 7, 2021 at 1:26 AM UTC

Updated on

July 7, 2021 at 9:00 AM UTC

This article is for subscribers only.

XPeng Inc. ended flat in its Hong Kong trading debut after becoming the first Chinese electric-vehicle maker to finish a so-called homecoming share sale that raised $1.8 billion.

The shares, which opened at HK$168, fluctuated throughout the session before ending at HK$165, the same as their offer price. The company went public in the U.S. last August, and its New York-listed shares have almost tripled from their IPO price.