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XPeng to Join Hang Seng Composite Index

XPeng to Join Hang Seng Composite Index
apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.

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(XPEV) - Debutant XPeng To Be Added To Hong Kong Exchange's Blue-Chip Index

(XPEV) - Debutant XPeng To Be Added To Hong Kong Exchange's Blue-Chip Index
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Chinese EV Maker XPeng Rises in Hong Kong Dual Listing Debut

Chinese EV Maker XPeng Rises in Hong Kong Dual Listing Debut
Filipe Pacheco and John Cheng, Bloomberg News
(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.
XPengâs Hong Kong debut comes as Chinaâs expanded crackdown on the technology industry has dealt a blow to global investors. The nationâs cyberspace regulator is investigating Didi Global Inc. Chinaâs version of Uber and two other firms that recently debuted on Wall Street. The State Council on Tuesday vowed to tighten oversight of data security and overseas listings. ....

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Shares of Chinese Tesla Rival Xpeng Fall on Hong Kong Debut

Xpeng issued 85 million Class A ordinary shares at a price of 165 Hong Kong dollars each. Those shares opened at 168 Hong Kong dollars, a 1.8% rise. Shortly after, they turned negative and ended the day flat at 165 Hong Kong dollars.
The electric carmaker is already listed in the U.S. Usually, Chinese companies listed on Wall Street will do what s known as a secondary listing, usually in Hong Kong. This is where a company, listed on one exchange, goes on to sell shares on another.
But Xpeng s share offering is a dual-primary listing. That means 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. ....

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Shares of Chinese Tesla rival Xpeng rise on Hong Kong debut

Shares of Chinese Tesla rival Xpeng close flat in Hong Kong debut
CNBC
7 hrs ago
Arjun Kharpal
Xpeng issued 85 million Class A ordinary shares at a price of 165 Hong Kong dollars each, raising 14.02 billion Hong Kong dollars ($1.8 billion).
Xpeng shares rose 1.8% at the open to 168 Hong Kong dollars before ending the day flat.
Known for its P7 sedan and G3 SUV, the Chinese electric carmaker delivered 6,565 vehicles in June that s a 617% increase year-on-year and a monthly record.
Xpeng Motors president on Hong Kong listing, regulatory scrutiny and profitability outlook
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GUANGZHOU, China Shares of U.S.-listed electric vehicle maker Xpeng closed flat on Wednesday in their Hong Kong debut. ....

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