According to the media outlet IFR under Reuters, XPeng Motors will sell 85 million American Depositary Shares (ADS) at $15 per share, significantly higher than the guidance range of $11 to $13. The oversubscription option ratio is 15%.
This IPO will raise $1.28 billion for XPeng, with a market capitalization of approximately $11 billion based on a share price of $15 per share. The stock will be listed for trading on the New York Stock Exchange on August 28th in local time.
Earlier on August 8th, XPeng Motors officially submitted its IPO filing to the U.S. Securities and Exchange Commission (SEC) and plans to list on the New York Stock Exchange with the ticker symbol “XPEV”. Relevant information can be found by clicking the link.
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