XPeng secretly submits IPO documents and plans to raise US$ 500m: media

On June 1, 36Kr.com reported that Guangzhou Xiaopeng Motors Technology Co Ltd (XPeng) had secretly submitted IPO documents to the US stock market and planned to raise US $ 500 million.

On June 1, 36Kr.com reported that Guangzhou Xiaopeng Motors Technology Co Ltd (XPeng) had secretly submitted IPO documents to the US stock market and planned to raise US $ 500 million.

Its overall listing is expected from July to September of this year, and it has already hired investment banks such as JPMorgan Chase and Goldman Sachs, among which JPMorgan Chase is the main underwriter.

Gu Hongdi, Vice Chairman and President of XPeng, once served as Chairman of JPMorgan Chase Asia Pacific Investment Bank.

Regarding the above information, XPeng responded, “We will not comment on market rumors. XPeng will closely monitor the developments of the capital market in order to seize financing opportunities that are conducive to the development of enterprises.”

https://mp.weixin.qq.com/s/HWwWVTdoNWgZzyA02ZoDDQ

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/01/xpeng-secretly-submits-ipo-documents-and-plans-to-raise-us-500m-media/.

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