Chinese EV maker XPeng looks to raise up to $1.11 bln in U.S. IPO
21/08/2020 16:35
Aug 21 (Reuters) - Chinese electric vehicle manufacturer
XPeng Inc said it is hoping to raise up to $1.11 billion in its
U.S. initial public offering, seeking to ride the enthusiasm for
EVs even as U.S.-China relations remain strained.
The company intends to sell 85 million shares American
depositary share (ADS), each representing two class A ordinary
share, priced between $11 and $13 per share, XPeng said on
Friday.
(Reporting by Noor Zainab Hussain and Niket Nishant in
Bengaluru, Editing by Sherry Jacob-Phillips)
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