Tesla’s rival Xpeng prices Hong Kong IPO at HK$165 per share as electric carmaker kicks off second primary listing

Source: Tech – South China Morning PostXpeng, which has ambitions to rival Tesla, has priced its shares at HK$165 each, helping the Guangzhou-based start-up raise HK$14 billion (US$1.8 billion), making it the biggest dual-primary listing by a US-listed Chinese company.The price represents a discount of about 4.1 per cent to its closing price of US$44.32 on Tuesday on the New York Stock Exchange. It is also 8.3 per cent below the maximum price of HK$180 set for the retail tranche.This is the guidance price and it will be finalised…Read More

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