XPeng Inc. (XPEV) Prices 48M ADS Offering at $45/Each
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XPeng Announces Pricing of Follow-on Public Offering of American Depositary Shares
December 9, 2020 6:00 AM ESTGUANGZHOU, China--(BUSINESS WIRE)-- XPeng Inc. (XPeng or the Company, NYSE: XPEV), a leading Chinese smart electric vehicle (Smart EV) company, today announced the pricing of its underwritten follow-on offering of 48,000,000 American Depositary Shares (ADSs), each representing two Class A ordinary shares of the Company, at a public offering price of US$45.00 per ADS. The underwriters will have a 30-day option to purchase up to an aggregate of 7,200,000 additional ADSs from the Company. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by the Company, will be approximately US$2.2... More
