Xpeng could raise the US$2.48 billion if it exercises an option to sell an additional 7.2 million ADS. Photo: Iris Ouyang
Xpeng could raise the US$2.48 billion if it exercises an option to sell an additional 7.2 million ADS. Photo: Iris Ouyang
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Business /  Companies

Chinese electric car maker Xpeng to follow August NYSE debut by raising additional US$2.48 billion

  • Company says it will price 48 million American depositary shares at US$45 each
  • Placement will be the largest first-time follow-on ADS offering by a Chinese company in New York

Daniel Ren
Daniel Ren in Shanghai

Updated: 3:41pm, 26 Jan, 2021

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Xpeng could raise the US$2.48 billion if it exercises an option to sell an additional 7.2 million ADS. Photo: Iris Ouyang
Xpeng could raise the US$2.48 billion if it exercises an option to sell an additional 7.2 million ADS. Photo: Iris Ouyang
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