Industry Newsroom

Chinese Smart EV Company Xpeng Motors Raises USD1.5b in NYSE IPO

China-based smart EV company Xpeng Motors has raised USD1.5b in its IPO on the New York Stock Exchange in an offering of 99.7m shares at USD15 apiece. Existing shareholders Alibaba, Coatue, Qatar Investment Authority, and Xiaomi have subscribed for and been allocated an additional 6.65m, 2m, 1m, and 1.6m shares, respectively. Read more