Chinese Tesla rival Xpeng to raise up to $2 billion from Hong Kong listing
Chinese Tesla rival Xpeng to raise up to $2 billion from Hong Kong listing CNBC 13 hrs ago Arjun Kharpal Chinese electric carmaker Xpeng will raise up to nearly $2 billion in a Hong Kong listing. Xpeng will issue 85 million Class A ordinary shares at a price of no more than 180 Hong Kong dollars ($23.19) each. A final offer price will be set on or around Jun. 30. Xpeng is doing what's called a dual-primary listing, meaning it will be subject to the rules and oversight of both U.S. and Hong Kong regulators, which isn't the case with a secondary listing. © Provided by CNBC