The Electric Car, or MPG "what me worry?" Message Board

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Technology Stocks : The Electric Car, or MPG "what me worry?"

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To: Triffin who wrote (9032)	8/27/2020 8:08:55 AM
From: kidl	of 17594

Chinese EV upstart Xpeng raises US IPO size to $1.5B Aug. 27, 2020 3:37 AM ET\|About: Xpeng, Inc. (XPEV)\|By: Mamta Mayani, SA News Editor Citing strong demand, Chinese electric vehicle (EV) maker Xpeng Motors ( XPEV) prices its upsized IPO of 99.7M American Depositary Shares (ADS) at $15, raising nearly $1.5B. XPEV originally planned to sell 85M ADS at $11-$13 each, thereby raising $1.11B. The greenshoe option in 14.96M ADS that would raise an additional $224.4M. Trading commences on Thursday. Assuming successful debut, Xpeng is expected to be valued at around $11.2B. In August, Guangzhou-based XPeng closed its Series C+ round financing for a total of $900M. The company issued an aggregate of 207,588,515 Series C preferred shares to 27 investors.

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