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25 Jun
11:44

Xpeng launches Hong Kong listing to fund expansion

Chinese smart electric vehicle company Xpeng made official its public offering plans in Hong Kong, in a deal expected to raise up to $2 billion, Kallanish reports. The carmaker said it will offer 85 million new Class A ordinary shares of the company as part of its global offering scheme. Of that, 4.25m shares will be under the Hong Kong offering and 80.75m shares for the international offering. Xpeng is proposing a dual-primary listing of its Class A ordinary sh…
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