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