Sweegull
2021-06-24
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XPeng stock jumps as Chinese Tesla rival reportedly gets approval for Hong Kong IPO
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Earlier this year, China raced past Europe to reclaim its spot as the world's largest market for electric vehicles, according to analyst research. \n</p>\n<p>\n Xpeng <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> American depositary receipts (ADRs) jumped more than 5% in U.S. premarket trading, following the reports on Wednesday. \n</p>\n<p>\n The dual primary listing -- both in the U.S. and Hong Kong -- will enable the Chinese EV maker to be part of the \"Stock Connect\" program, which allows investors in mainland China to buy shares -- a key aim of the move, the person said. \n</p>\n<p>\n The structure differs from that of other Chinese companies listed in the U.S., including Alibaba <a href=\"https://laohu8.com/S/09988\">$(09988)$</a> and JD.com <a href=\"https://laohu8.com/S/JD\">$(JD)$</a>, who have secondary listings in Hong Kong. \n</p>\n<p>\n Xpeng surged on its U.S. trading debut in August 2020, after raising $1.7 billion from its IPO. It sold another $2.5 billion of U.S. stock in December. The stock has climbed 166% since the IPO. \n</p>\n<p>\n -Callum Keown; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n June 23, 2021 06:58 ET (10:58 GMT)\n</p>\n<p>\n Copyright (c) 2021 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng stock jumps as Chinese Tesla rival reportedly gets approval for Hong Kong IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng stock jumps as Chinese Tesla rival reportedly gets approval for Hong Kong IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-23 18:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW XPeng stock jumps as Chinese Tesla rival reportedly gets approval for Hong Kong IPO\n</p>\n<p>\n By Callum Keown \n</p>\n<p>\n Chinese electric-car maker Xpeng has won approval for a Hong Kong initial public offering that could raise up to $2 billion, according to multiple reports. \n</p>\n<p>\n The Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> rival, which is already listed on the New York Stock Exchange and has a market value of more than $30 billion, has been given the green light by Hong Kong regulators, The Wall Street Journal reported , citing a person familiar with the situation. \n</p>\n<p>\n China is seen as a key market for electric vehicles, and new entrants such as Xpeng and NIO <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a> have emerged in recent years as rivals to Elon Musk's Tesla. Earlier this year, China raced past Europe to reclaim its spot as the world's largest market for electric vehicles, according to analyst research. \n</p>\n<p>\n Xpeng <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> American depositary receipts (ADRs) jumped more than 5% in U.S. premarket trading, following the reports on Wednesday. \n</p>\n<p>\n The dual primary listing -- both in the U.S. and Hong Kong -- will enable the Chinese EV maker to be part of the \"Stock Connect\" program, which allows investors in mainland China to buy shares -- a key aim of the move, the person said. \n</p>\n<p>\n The structure differs from that of other Chinese companies listed in the U.S., including Alibaba <a href=\"https://laohu8.com/S/09988\">$(09988)$</a> and JD.com <a href=\"https://laohu8.com/S/JD\">$(JD)$</a>, who have secondary listings in Hong Kong. \n</p>\n<p>\n Xpeng surged on its U.S. trading debut in August 2020, after raising $1.7 billion from its IPO. It sold another $2.5 billion of U.S. stock in December. The stock has climbed 166% since the IPO. \n</p>\n<p>\n -Callum Keown; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n June 23, 2021 06:58 ET (10:58 GMT)\n</p>\n<p>\n Copyright (c) 2021 Dow Jones & Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145099003","content_text":"MW XPeng stock jumps as Chinese Tesla rival reportedly gets approval for Hong Kong IPO\n\n\n By Callum Keown \n\n\n Chinese electric-car maker Xpeng has won approval for a Hong Kong initial public offering that could raise up to $2 billion, according to multiple reports. \n\n\n The Tesla $(TSLA)$ rival, which is already listed on the New York Stock Exchange and has a market value of more than $30 billion, has been given the green light by Hong Kong regulators, The Wall Street Journal reported , citing a person familiar with the situation. \n\n\n China is seen as a key market for electric vehicles, and new entrants such as Xpeng and NIO $(NIO)$ have emerged in recent years as rivals to Elon Musk's Tesla. Earlier this year, China raced past Europe to reclaim its spot as the world's largest market for electric vehicles, according to analyst research. \n\n\n Xpeng $(XPEV)$ American depositary receipts (ADRs) jumped more than 5% in U.S. premarket trading, following the reports on Wednesday. \n\n\n The dual primary listing -- both in the U.S. and Hong Kong -- will enable the Chinese EV maker to be part of the \"Stock Connect\" program, which allows investors in mainland China to buy shares -- a key aim of the move, the person said. \n\n\n The structure differs from that of other Chinese companies listed in the U.S., including Alibaba $(09988)$ and JD.com $(JD)$, who have secondary listings in Hong Kong. \n\n\n Xpeng surged on its U.S. trading debut in August 2020, after raising $1.7 billion from its IPO. It sold another $2.5 billion of U.S. stock in December. The stock has climbed 166% since the IPO. \n\n\n -Callum Keown; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n June 23, 2021 06:58 ET (10:58 GMT)\n\n\n Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/126088660"}
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