Xpeng Stock

Xpeng Motor set the final offering price for both its international offering and its Hong Kong public offering at HK$165 per Class A common share, the Chinese electric vehicle company said Wednesday.

Xpeng Motors has guided its Hong Kong listing pricing at HK$165 per share, Bloomberg reported Wednesday. That sits below the company's previously announced maximum offering price of HK$180.

As of 2 pm local time Monday, Xpeng recorded a margin subscription of HK$2.32 billion.

Xpeng is expected to announce on July 6 the number of placements received by investors, who can then trade on the grey market from 16:15-18:30 Beijing Time on the same day.

Xpeng Motors has applied to trade in Hong Kong under the ticker symbol "9868," saying the maximum offer price for the Hong Kong public offering will be HK$180 per share or US$23.19, which is equivalent to US$46.39 per ADS.

Chinese electric vehicle company Xpeng Motors has passed its listing hearing at the Hong Kong Stock Exchange, a filing shows.

Xpeng Motors has received approval from the Hong Kong Stock Exchange to list there, raising $1.1 billion in capital, the South China Morning Post reported Wednesday.

Nio, which rose more than 10 times in 2020, has seen its biggest pullback this year at 54%, Xpeng at 62%, and Li Auto at 58%.

Edison Yu's team believes that if EV industry investor sentiment stabilizes in the coming months, Xpeng's stock will recover quickly due to its clean growth pathway and existing leadership position in ADAS/AD technology in the second half of the year.

Official media skepticism about the industry could be a major reason.