EV Maker Xpeng Said to Get Nod for $2 Billion Hong Kong Listing_老虎社区_美港股上老虎

EV Maker Xpeng Said to Get Nod for $2 Billion Hong Kong Listing

Bloomberg2021-06-23

(Updated at 04:07am ET) New York-traded electric-vehicle makerXpeng Inc.has received the green light from the Hong Kong stock exchange to list in the city, according to people with knowledge of the ...

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275

STKG
·2021-07-01
Upcoming Xpeng. 💪🏻
回复
1
举报
ken26ksh
·2021-06-30
Awesome 💪🏻💪🏻💪🏻
回复
1
举报
收起
- 一支升GoGo:
  👍
  2021-07-02
  回复
  举报
wk88
·2021-06-29
Electric electric
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点赞
举报
Winterain
·2021-06-27
EV still quite unstable, but the future seems to be heading EV way
回复
2
举报
收起
- STKG:
  yes. coming soon.
  2021-07-01
  回复
  举报
- wk88:
  yea clean energy
  2021-06-29
  回复
  举报
TaiWoeiHaur
·2021-06-27
Up
回复
2
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sunshine138
·2021-06-27
[得意] [惊讶]
回复
3
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Lamborghini1
·2021-06-27
Ok
回复
3
举报
Eagle88
·2021-06-27
Good news
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4
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7427d960
·2021-06-27
Good
回复
3
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收起
- Eagle88:
  Better buy In HK ?
  2021-06-27
  回复
  举报
- 7427d960:
  not necessarily.
  2021-07-02
  回复
  举报
DTYW
·2021-06-27
👍
回复
1
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LimHianYew
·2021-06-25
[Great]
回复
1
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Yexiang
·2021-06-25
Any comparison between Xpeng and Nio?
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点赞
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Evekoh
·2021-06-25
Great!!!
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FlashMinato
·2021-06-25
Nice
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replaygoh
·2021-06-25
wao😊😊
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TK360
·2021-06-24
Nice
回复
1
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DanLiew
·2021-06-24
👍
回复
1
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Lavender00
·2021-06-24
If HKEX has zero commission is even better.
回复
3
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LMChin
·2021-06-24
Added in the watch list
回复
2
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Phyusin
·2021-06-24
Can buy?
回复
1
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A spokeswoman for the Chinese carmaker declined to comment.\nA listing by Xpeng would end a brief hiatus in such share sales by U.S.-listed Chinese firms with online travel firmTrip.com Ltd.the last, raising about $1.25 billion in Hong Kong in April. Many U.S.-traded Chinese companies have flocked to the Asian financial hub since it eased rules in 2018 to allow the likes of Alibaba Group Holding Ltd. and gaming giant NetEase Inc. to list.\nA listing in Hong Kong gives stateside-traded Chinese firms a foothold that acts as a hedge against the risk of being kicked off U.S. exchanges, while allowing them to broaden their investor base closer to home. Under a bill passed in the U.S., Chinese public companiescould be kicked offU.S. stock bourses if American regulators aren’t allowed to review their audits.\nUnlike the other homecoming listings, however, Xpeng’s isn’t a secondary listing -- which would have exempted it from some of the Asian hub’s listing rules -- but a dual primary one. That is because Xpeng, which only went public in New York last year, doesn’t have the two-year listing track record required for it to merit a secondary listing in Hong Kong. It’s set to be the biggest dual primary listing in Hong Kong since biotech drugmakerBeiGene Ltd.raised $903 million in the city almost three years ago.\nXpeng’s U.S. presence has already helped the EV maker raise funds. After raising $1.72 billion in its August IPO in New York it fetched another $2.5 billion from investors by placing stock in December.\nEV Stocks\nThat said, Xpeng will be coming to a market less enamored of EV makers. After a blistering rally in 2020, electric car-makers have seen their shares decline this yearamidincreasing competition from legacy automakers, the global semiconductor shortage and an increasing wariness by investors about holding onto riskier assets.\nXpeng’s stock surged 381% from its IPO price to a high of $72.17 in November, but has since fallen about 44%, giving the Guangzhou-based company a market capitalization of around $32 billion.\nThe carmaker also faces intense competition at home. Rival Chinese EV companiesNio Inc.andLi Auto Inc.-- both traded in the U.S. -- are also planning listings in Hong Kong, Bloomberg News hasreported. The trio compete in an increasingly crowded market in China -- the world’s largest for electric-vehicles -- as tech giants, traditional automakers and startups muscle into the sector.\nXpeng has yet to turn a profit and has pledged to break even by late 2023 or 2024. Its revenues have been increasing, however,risingto 2.95 billion yuan in the first quarter and its deliveriesgrew 483%in May compared to the previous year.\nXpeng rose more than 5% in premarket trading.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":151287675,"gmtCreate":1625095147297,"gmtModify":1633944970211,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Upcoming Xpeng. 💪🏻","listText":"Upcoming Xpeng. 💪🏻","text":"Upcoming Xpeng. 💪🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151287675","repostId":1135867851,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153533240,"gmtCreate":1625032962380,"gmtModify":1633945601168,"author":{"id":"3586247634551228","authorId":"3586247634551228","name":"ken26ksh","avatar":"https://static.tigerbbs.com/64235ed64966a3645379f94c283bdef9","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Awesome 💪🏻💪🏻💪🏻","listText":"Awesome 💪🏻💪🏻💪🏻","text":"Awesome 💪🏻💪🏻💪🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/153533240","repostId":1135867851,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5097085,"gmtCreate":1625185219901,"gmtModify":1635239320266,"authorId":3586908956533728,"author":{"id":3586908956533728,"authorId":3586908956533728,"name":"一支升GoGo","avatar":"https://static.tigerbbs.com/e6ded53fb5327ba12901b0349ca92704","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153533240,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"}],"langContent":"EN"},{"id":150430049,"gmtCreate":1624924049881,"gmtModify":1631893874181,"author":{"id":"3562584059016400","authorId":"3562584059016400","name":"wk88","avatar":"https://static.tigerbbs.com/fbde33e414cb1ceed3b6b5aaf3e21a6c","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Electric electric","listText":"Electric electric","text":"Electric electric","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150430049","repostId":1135867851,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":124488962,"gmtCreate":1624780545756,"gmtModify":1631883986407,"author":{"id":"3574939970140036","authorId":"3574939970140036","name":"Winterain","avatar":"https://static.tigerbbs.com/1be5baf6bfc3f8d487738a0a11378957","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"EV still quite unstable, but the future seems to be heading EV way","listText":"EV still quite unstable, but the future seems to be heading EV way","text":"EV still quite unstable, but the future seems to be heading EV way","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/124488962","repostId":1135867851,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5085312,"gmtCreate":1625095235345,"gmtModify":1631883986427,"authorId":3586131488444401,"author":{"id":3586131488444401,"authorId":3586131488444401,"name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":124488962,"type":1,"supId":0,"prevId":0,"content":"yes. coming soon.","text":"yes. coming soon.","html":"yes. coming soon."},{"id":5059939,"gmtCreate":1624924022921,"gmtModify":1631883986415,"authorId":3562584059016400,"author":{"id":3562584059016400,"authorId":3562584059016400,"name":"wk88","avatar":"https://static.tigerbbs.com/fbde33e414cb1ceed3b6b5aaf3e21a6c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":124488962,"type":1,"supId":0,"prevId":0,"content":"yea clean energy","text":"yea clean energy","html":"yea clean energy"}],"langContent":"EN"},{"id":124663565,"gmtCreate":1624762639457,"gmtModify":1633948936950,"author":{"id":"3563667765668803","authorId":"3563667765668803","name":"TaiWoeiHaur","avatar":"https://static.tigerbbs.com/0aa233d5ea38c3d04355d0d183645c4e","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124663565","repostId":1135867851,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":124808747,"gmtCreate":1624757004589,"gmtModify":1633949077193,"author":{"id":"3586655655659820","authorId":"3586655655659820","name":"sunshine138","avatar":"https://static.tigerbbs.com/23149c63a63bfeec1572cc27e1322750","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"[得意]&nbsp;[惊讶]&nbsp;","listText":"[得意]&nbsp;[惊讶]&nbsp;","text":"[得意] [惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124808747","repostId":1135867851,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":124379703,"gmtCreate":1624750039202,"gmtModify":1633949184469,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124379703","repostId":1135867851,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":124356062,"gmtCreate":1624748512856,"gmtModify":1631892993837,"author":{"id":"3565320134753804","authorId":"3565320134753804","name":"Eagle88","avatar":"https://static.tigerbbs.com/61bd406a3fc7b589b7b521ca30a9749e","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Good 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