Chinese EV Maker Xpeng to raise $1.8 bln in Hong Kong listing -sources

On April 19, 2021, an Xpeng P5 electric vehicle (EV) is seen during a media day for the Auto Shanghai show in Shanghai, China. Aly Song/FILES/REUTERS Reuters, HONG KONG, June 30 – According to two people with firsthand knowledge of the situation, Chinese electric car developer Xpeng Inc would raise $1.8 billion by selling its shares at HK$165 each as part of its Hong Kong dual main offering. Because the information was not yet public, the people could not be recognized. Xpeng did not respond to a question on the pricing advice given to investors. (1 Hong Kong dollar = 7.7625 Hong Kong dollars) Scott Murdoch contributed reporting from Hong Kong, while Christopher Cushing edited the piece. The Thomson Reuters Trust Principles are our standards. Continue reading