XPEV is asking a high price for the IPO while generating equally ⦠ET by Tomi Kilgore Li Auto stock sinks to 7th straight loss, after public share offering prices at 10% discount The firm designs and manufactures all-electric passenger vehicles in China. Cencun, Tianhe District, Guangzhou
China's Xpeng on Monday announced a follow-on public offering of 40 million American Depositary Shares (ADS). These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. XPeng Inc. (âXPengâ or the âCompanyâ), a smart electric vehicle (âSmart EVâ) company, announced today the pricing of its initial public offering of 99,733,334 American Depositary Shares (âADSsâ), each representing two Class A ordinary shares of the Company, at a public offering price of $15.00 per ADS. All information provided in this press release is as of the date of this press release, and XPeng does not undertake any obligation to update any forward-looking statement, except as required under applicable law. In addition, XPeng ⦠Copies of the final prospectus related to this offering may be obtained, when available, by contacting the following underwriters: (1) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department at 11 Madison Avenue, New York, NY 10010-3629, United States of America, or by calling 1-800-221-1037, or by email at [email protected]; +1 347 342 7109 +1 917 860 9410 (2) J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, United States of America, or by calling 1-866-803-9204; At Xpeng Inc., we promise to treat your data with respect and will not share your information with any third party. All information provided in this press release is as of the date of this press release, and XPeng does not undertake any obligation to update any forward-looking statement, except as required under applicable law. XPeng Inc. (“XPeng” or the “Company”), a smart electric vehicle (“Smart EV”) company, announced today the pricing of its initial public offering of 99,733,334 American Depositary Shares (“ADSs”), each representing two Class A ordinary shares of the Company, at a public offering price of $15.00 per ADS. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. You can sign up for additional alert options at any time. XPeng has filed to raise $1 billion in a U.S. IPO. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPeng’s goal and strategies; XPeng’s expansion plans; XPeng’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPeng’s expectations regarding demand for, and market acceptance of, its products and services; XPeng’s expectations regarding its relationships with customers, contract manufacturer, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. After submitting your request, you will receive an activation email to the requested email address. Xpeng Motors is registered under the ticker NYSE:XPEV . These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. This announcement contains forward-looking statements. Today, we are a proven leader in the ⦠To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The total size of the offering was $1,496,000,010 based on an initial share price of $15.00. XPeng had issued 99,733,334 shares in its initial public offering on August 27th. Copies of the final prospectus related to this offering may be obtained, when available, by contacting the following underwriters: (1) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department at 11 Madison Avenue, New York, NY 10010-3629, United States of America, or by calling 1-800-221-1037, or by email at newyork.prospectus@credit-suisse.com; Perhaps if the Xpeng Motors IPO date was in early 2019, the EV maker would have an easier time making its pitch to investors. Valuation. NEW YORK & GUANGZHOU, China--(BUSINESS WIRE)--XPeng Inc. (“XPeng” or the “Company”), a smart electric vehicle (“Smart EV”) company, announced today the pricing of its initial public offering of 99,733,334 American Depositary Shares (“ADSs”), each representing two Class A ordinary shares of the Company, at a public offering price of $15.00 per ADS. XPeng Inc. is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. It opened the year with a stock price ⦠The offering is being made only by means of a prospectus forming a part of the effective registration statement. A registration statement relating to the ADSs being sold in this offering has been declared effective by the Securities and Exchange Commission. Over the past 12 months, Ford stock is up just 2.2%, even though it has added 131% since its ⦠Guangdong 510640
The ADSs are expected to begin trading on the New York Stock Exchange, or NYSE, on August 27, 2020, under the symbol “XPEV,” and the offering is expected to close on August 31, 2020, subject to customary closing conditions. Get today's Xpeng Inc stock price and latest XPEV news as well as Xpeng real-time stock quotes, technical analysis, full financials and more. [email protected], Stephanie Heise These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. NEW YORK & GUANGZHOU, China--(BUSINESS WIRE)-- XPeng Inc. (âXPengâ or the âCompanyâ), a smart electric vehicle (âSmart EVâ) company, announced today the pricing of its initial public offering of 99 You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. https://www.businesswire.com/news/home/20200826005829/en/, Marie Cheung U.S. IPO Calendar; Issuer Business Deal Size Market Cap Price Range Shares Filed Top Bookrunners; Xpeng ()Guangzhou, China: $1,020M $8,779M: $11 - $13 85,000,000 XPeng Inc. is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. NIO is the exception, and it already had an IPO and has been doing alright for itself on the stock market this year. The offering is being made only by means of a prospectus forming a part of the effective registration statement. What is Xpeng's IPO stock price? +1 917 860 9410 Nioâs Market Cap stood at about $37 billion as of October 28, 2020, with its stock price rising by about 7x year-to-date due to surging investor interest in EV stocks. Xpeng said Thursday that it sold more than 99.7 million shares for $15 each in its Wall Street debut, raising about $1.5 billion. The ADSs are expected to begin trading on the New York Stock Exchange, or NYSE, on August 27, 2020, under the symbol “XPEV,” and the offering is expected to close on August 31, 2020, subject to customary closing conditions. Everything you need to know about the Xpeng IPO including Offer Price, Filed Date, IPO Date, Offer Shares, Dealsize and Underwriters. For the year to date, Xpengâs sales are up 87%, while Fordâs are down 16% through October. Copyright © 2015-2020 Guangzhou Xiaopeng Motors Technology Company Ltd. |粤ICP备15067788号
The successful IPO of Chinese EV maker Li Auto in late July is just one reason why investors are attracted to XPengâs initial public offering. 粤公网安备 44010602005675号, XPeng Announces Pricing of Initial Public Offering, https://www.businesswire.com/news/home/20200826005829/en/. +852 9750 5170 / +86 1550 7577 546 For more information, please visit https://en.xiaopeng.com. Xpeng was founded in 2015 with a vision to bring Smart EVs to Chinese consumers through innovation in autonomous driving, smart connectivity and core vehicle systems. In addition, XPeng has granted the underwriters a 30-day option to purchase up to an aggregate of 14,959,999 additional ADSs. View source version on businesswire.com: Statements that are not historical facts, including statements about XPeng’s beliefs and expectations, are forward-looking statements. This announcement contains forward-looking statements. ... Next Earnings Date N/A. XPEV stock gained more than 5% yesterday, extending its run from its debut close of $21 a share. For more information, please visit https://en.xiaopeng.com. The Xpeng IPO had a strong debut Thursday after an upsized offering as rival Chinese electric car stocks Nio ()and Li Auto have surged this week.. X Xpeng IPO. XPeng is headquartered in Guangzhou, China with offices in Beijing, Shanghai, Silicon Valley, and San Diego in the U.S. and the Company’s Smart EVs are manufactured at plants in Zhaoqing and Zhengzhou. XPeng, Inc. (NYSE:XPEV) has more than doubled since its late August IPO. However, the ⦠HONG KONG (Reuters) â Chinese electric vehicle maker Xpeng could raise as much as $1.275 billion from its U.S. initial public offering (IPO) after flagging that its shares would be priced at ⦠Xpeng has raised its IPO stock price to $15 a share after seeing strong demand, according to Reuters. [email protected], Bob Christie Xpeng@brunswickgroup.com, Stephanie Heise mariecheung@xiaopeng.com, Bob Christie The Chinese EV maker Xpeng priced its initial public offering at $15 a share Wednesday evening, and the stock opened for trading at $23.10, up 54% from the IPO price. Stock Symbol NYSE:XPEV ; Valuation at IPO $8.4B; Money Raised at IPO $1.5B; IPO Share Price $15.00; IPO Date ⦠It had originally planned to sell 85 million shares priced ⦠The listing filing comes after CNBC reported that it raised a further ⦠These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Further information regarding these and other risks is included in XPeng’s filings with the SEC. In addition, XPeng has granted the underwriters a 30-day option to purchase up to an aggregate of 14,959,999 additional ADSs. +1 347 342 7109 +852 9750 5170 / +86 1550 7577 546 Forward-looking statements involve inherent risks and uncertainties. ... companies. Further information regarding these and other risks is included in XPeng’s filings with the SEC. Based on Friday's closing price of 49.34 per Xpeng stock, management ⦠Chinese electric car start-up Xpeng Motors has filed for an initial public offering (IPO) on the New York Stock Exchange. Xpeng has been sticking around and has done better than almost all others. Since Xpeng (NYSE:XPEV) reported its third-quarter results on Nov. 12, its first as a public company, XPEV stock has gained nearly 44% through Nov. 27. A registration statement relating to the ADSs being sold in this offering has been declared effective by the Securities and Exchange Commission. XPeng's lock-up period expires on Tuesday, February 23rd. Liâs stock closed on Friday, Aug. 21 st, at $15.02, up 30.6 percent from its IPO price ⦠In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, and BofA Securities, Inc. are acting as joint bookrunners for the offering. Their stock opened with $15.00 in its Aug 27, 2020 IPO. 8 Songgang Road, Changxing Street
The XPEV IPO ⦠(2) J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, United States of America, or by calling 1-866-803-9204; XPeng is headquartered in Guangzhou, China with offices in Beijing, Shanghai, Silicon Valley, and San Diego in the U.S. and the Company’s Smart EVs are manufactured at plants in Zhaoqing and Zhengzhou. By providing your email address below, you are providing consent to Xpeng Inc. to send you the requested Investor Email Alert updates. The company faces two major headwinds unique to 2020 that have more to do with its country of origin than the actual business. You must click the activation link in order to complete your subscription. [email protected], No. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. Xpeng@brunswickgroup.com. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by XPeng, will be approximately $1.5 billion, excluding any exercise of the underwriters’ option to purchase additional ADSs. (3) BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, United States of America, Attention: Prospectus Department, or by calling +1 (800) 294-1322 or by email at dg.prospectus_requests@bofa.com. We design, develop, manufacture and market Smart EVs in China. Forward-looking statements involve inherent risks and uncertainties. (3) BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, United States of America, Attention: Prospectus Department, or by calling +1 (800) 294-1322 or by email at [email protected]. As speculated, Chinese electric vehicle maker Xpeng Inc. amended its preliminary prospectus filed with the SEC, disclosing the price range and the size of its initial public offering in the ⦠Earlier on Thursday, Xpeng increased the size of its U.S initial public offering by more than a third to about $1.5 billion, as global investors race to back companies promoting cleaner technology. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPeng’s goal and strategies; XPeng’s expansion plans; XPeng’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPeng’s expectations regarding demand for, and market acceptance of, its products and services; XPeng’s expectations regarding its relationships with customers, contract manufacturer, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Webull offers XPENG INC. (XPEV) historical stock prices, in-depth market analysis, NYSE: XPEV real-time stock quote data, in-depth charts, and a fully built financial calendar to help you invest ⦠If you experience any issues with this process, please contact us for further assistance. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by XPeng, will be approximately $1.5 billion, excluding any exercise of the underwriters’ option to purchase additional ADSs. People’s Republic of China. Xpeng ⦠Statements that are not historical facts, including statements about XPeng’s beliefs and expectations, are forward-looking statements. Marie Cheung Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, and BofA Securities, Inc. are acting as joint bookrunners for the offering. XPeng files for the public sale of 40 mln shares Dec. 7, 2020 at 6:25 a.m.
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