Kenbey2002
2020-12-11
[强]
XPeng stock falls after upsized share offering prices at near 8% discount
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It had bounced 0.8% on Tuesday, to snap a three-day losing streak in which it shed 13.8%. \n</p>\n<p>\n Wednesday's weakness bucks the strength seen in other China-based EV makers, as shares of Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a> rose 0.5% in premarket trading and Li Auto Inc. <a href=\"https://laohu8.com/S/LI\">$(LI)$</a> rallied 1.8%. \n</p>\n<p>\n XPeng could sell up to an additional 7.2 million shares, if the underwriters of the offering exercise all of the options granted to cover overallotments. That could boost what XPeng raises to roughly $2.5 billion. \n</p>\n<p>\n The proceeds will be used for research and development of XPeng's smart EVs, sales and marketing, potential strategic investments and general corporate purposes. \n</p>\n<p>\n Xpeng's stock, which went public on Aug. 27, has tumbled 17.1% this month through Tuesday, but has soared 169.5% over the past three months. In comparison, Nio shares have run up 157.4% the past three months and Li Auto's stock has climbed 110.8%, while the <a href=\"https://laohu8.com/S/IHPXF\">iShares MSCI</a> China exchange-traded fund <a href=\"https://laohu8.com/S/MCHI\">$(MCHI)$</a> has advanced 9.9% and the S&P 500 index has gained 8.9%. \n</p>\n<p>\n -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n December 09, 2020 07:03 ET (12:03 GMT)\n</p>\n<p>\n Copyright (c) 2020 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 falls after upsized share offering prices at near 8% discount</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 falls after upsized share offering prices at near 8% discount\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\">2020-12-09 20:03</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 falls after upsized share offering prices at near 8% discount\n</p>\n<p>\n Tomi Kilgore \n</p>\n<p>\n XPeng raised more than $2 billion, as the offering was boosted by 20% to 48 million shares \n</p>\n<p>\n Shares of XPeng Inc. dropped in premarket trading Wednesday, after the China-based electric vehicle maker's upsized public share offering priced at a discount of nearly 8%. \n</p>\n<p>\n The company raised $2.16 billion in the offering, as it sold 48 million American depositary shares <a href=\"https://laohu8.com/S/ADS.AU\">$(ADS.AU)$</a> at $45 per ADS. \n</p>\n<p>\n XPeng <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> had previously expected to sell 40 million ADS to the public, and the pricing was 7.6% below Tuesday's closing price of $48.69. \n</p>\n<p>\n The stock fell 3.5% ahead of Wednesday's open. It had bounced 0.8% on Tuesday, to snap a three-day losing streak in which it shed 13.8%. \n</p>\n<p>\n Wednesday's weakness bucks the strength seen in other China-based EV makers, as shares of Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a> rose 0.5% in premarket trading and Li Auto Inc. <a href=\"https://laohu8.com/S/LI\">$(LI)$</a> rallied 1.8%. \n</p>\n<p>\n XPeng could sell up to an additional 7.2 million shares, if the underwriters of the offering exercise all of the options granted to cover overallotments. That could boost what XPeng raises to roughly $2.5 billion. \n</p>\n<p>\n The proceeds will be used for research and development of XPeng's smart EVs, sales and marketing, potential strategic investments and general corporate purposes. \n</p>\n<p>\n Xpeng's stock, which went public on Aug. 27, has tumbled 17.1% this month through Tuesday, but has soared 169.5% over the past three months. In comparison, Nio shares have run up 157.4% the past three months and Li Auto's stock has climbed 110.8%, while the <a href=\"https://laohu8.com/S/IHPXF\">iShares MSCI</a> China exchange-traded fund <a href=\"https://laohu8.com/S/MCHI\">$(MCHI)$</a> has advanced 9.9% and the S&P 500 index has gained 8.9%. \n</p>\n<p>\n -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n December 09, 2020 07:03 ET (12:03 GMT)\n</p>\n<p>\n Copyright (c) 2020 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":{"NIO":"蔚来","LI":"理想汽车","XPEV":"小鹏汽车"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2090600257","content_text":"MW XPeng stock falls after upsized share offering prices at near 8% discount\n\n\n Tomi Kilgore \n\n\n XPeng raised more than $2 billion, as the offering was boosted by 20% to 48 million shares \n\n\n Shares of XPeng Inc. dropped in premarket trading Wednesday, after the China-based electric vehicle maker's upsized public share offering priced at a discount of nearly 8%. \n\n\n The company raised $2.16 billion in the offering, as it sold 48 million American depositary shares $(ADS.AU)$ at $45 per ADS. \n\n\n XPeng $(XPEV)$ had previously expected to sell 40 million ADS to the public, and the pricing was 7.6% below Tuesday's closing price of $48.69. \n\n\n The stock fell 3.5% ahead of Wednesday's open. It had bounced 0.8% on Tuesday, to snap a three-day losing streak in which it shed 13.8%. \n\n\n Wednesday's weakness bucks the strength seen in other China-based EV makers, as shares of Nio Inc. $(NIO)$ rose 0.5% in premarket trading and Li Auto Inc. $(LI)$ rallied 1.8%. \n\n\n XPeng could sell up to an additional 7.2 million shares, if the underwriters of the offering exercise all of the options granted to cover overallotments. That could boost what XPeng raises to roughly $2.5 billion. \n\n\n The proceeds will be used for research and development of XPeng's smart EVs, sales and marketing, potential strategic investments and general corporate purposes. \n\n\n Xpeng's stock, which went public on Aug. 27, has tumbled 17.1% this month through Tuesday, but has soared 169.5% over the past three months. In comparison, Nio shares have run up 157.4% the past three months and Li Auto's stock has climbed 110.8%, while the iShares MSCI China exchange-traded fund $(MCHI)$ has advanced 9.9% and the S&P 500 index has gained 8.9%. \n\n\n -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n December 09, 2020 07:03 ET (12:03 GMT)\n\n\n Copyright (c) 2020 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":775,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/395498871"}
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