HONG KONG, CHINA: According to two persons with firsthand knowledge of the situation, Chinese electric car maker Xpeng Inc will raise US$1.8 billion by selling its shares at HKUS$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.
(One US dollar equals 7.7625 Hong Kong dollars)
(In Hong Kong, Scott Murdoch reported; Christopher Cushing edited)
Reuters is the source of this information.
Continue reading
