Chinese EV Maker XPeng Rises in Hong Kong Dual Listing Debut By Bloomberg
(Bloomberg) -- XPeng Inc. edged higher in its Hong Kong trading debut after becoming the first Chinese electric-vehicle maker to finish a so-called homecoming share sale that raised $1.8 billion. The shares opened at HK$168 on Wednesday, 1.8% above their offer price of HK$165 each. The company went public in the U.S. last August, and its New York-listed shares have almost tripled from their IPO price. XPeng’s Hong Kong debut comes as China’s expanded crackdown on the technology industry has dealt a blow to global investors. The nation’s cyberspace regulator is investigating Didi Global Inc. --...
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