XPeng seeks to raise up to USD 1.1 billion in U.S. IPO

On August 21, Chinese electric vehicle manufacturer XPeng Inc. announced plans to raise up to USD 1.1 billion in its initial public offering on the New York Stock Exchange under the symbol “XPEV”, according to U.S. Securities and Exchange Commission (SEC) documents.
The company intends to sell 85 million American dep....

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