XPeng boosts NYSE IPO on solid demand

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By Jonathan Breen
27 Aug 2020

Chinese electric vehicle manufacturer XPeng raised $1.5bn this week, after increasing the size of its US listing and pricing it above the marketed range.

The company, backed by Alibaba Group Holding and Xiaomi Corp, hit the market on August 21 with lead bookrunners Bank of America, Credit Suisse and JP Morgan. 

Up for grabs were 85m American Depository Shares (ADS) to be listed on the New York Stock Exchange. Each ADS ...

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