Xpeng Submitted Application for U.S. IPO

On August 8(Beijing time), it is reported that Xpeng, Chinese electric car manufacturer, submitted application for U.S. IPO, and proposed the code “XPEV” listed on the NYSE,  applying for the issuance of $100 million. The underwriters are credit suisse and jpmorgan chase and bank of America.

It has been said before that Xpeng had raised another $400m ahead of its IPO in the US. Just in last month, Xiaopeng had raised $500 million in Series C + financing round.

Jack Chan

Pre Editor in chief of FirmKnow News.

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