Has Xpeng’s dual primary listing set the stage for homecoming by more US-listed Chinese tech firms?

Source: Tech – South China Morning PostThe trading debut of Xpeng’s US$1.8 billion initial public offering (IPO) in Hong Kong kicked off a day after Beijing announced a new set of rules for companies looking to raise capital on overseas exchanges.The stock opened on Wednesday 1.8 per cent higher at HK$168 before ending the day flat at its IPO price of HK$165. Xpeng has, however, become the first company with a weighted voting rights (WVRs) structure to choose Hong Kong as its second home jurisdiction in a dual primary listing,…Read More

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