chinese-ev-maker-xpeng-expected-to-list-on-nyse-this-month

Chinese EV Maker Xpeng Expected To List On NYSE This Month

NIO) and Li Auto Inc. (NASDAQ: LI), Chinese EV maker Xpeng could reportedly begin trading in the U.S. as early as this month.” data-reactid=”19″ type=”text”>Following the footsteps of domestic peers Nio Inc – ADR (NYSE: NIO) and Li Auto Inc. (NASDAQ: LI), Chinese EV maker Xpeng could reportedly begin trading in the U.S. as early as this month.

filed its preliminary prospectus with the SEC Aug. 7 and subsequently amended it Aug. 11, is expected to amend the prospectus further Friday with additional information, Chinese media outlet IFNews.com said, citing unnamed sources.” data-reactid=”20″ type=”text”>What Happened: Xpeng, which initially filed its preliminary prospectus with the SEC Aug. 7 and subsequently amended it Aug. 11, is expected to amend the prospectus further Friday with additional information, Chinese media outlet IFNews.com said, citing unnamed sources.

The size of the offering will likely be $1 billion and the ADSs could be listed Aug. 27, the report said.

When contacted by Benzinga, a company spokesperson declined to comment Thursday.

The EV maker has applied to list its ADSs on the NYSE under the ticker symbol “XPEV,” according to the F-1 filing.

The company intends to use the net proceeds for R&D, marketing and other corporate purposes, according to the filing. 

Li Auto went public in late July by offering 95 million ADSs at $11.50 per share, raising $1.09 billion. The shares are up about 30% from their offer price.

Tesla Vs. Nio Vs. Xpeng: A Look At The Chinese Electric Vehicle Market ” data-reactid=”32″ type=”text”>Tesla Vs. Nio Vs. Xpeng: A Look At The Chinese Electric Vehicle Market

Photo courtesy of Xpeng. ” data-reactid=”34″ type=”text”>Photo courtesy of Xpeng. 

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