The IPO price of Xiaopeng auto is 15 US dollars, and the total amount raised is about 1.5 billion US dollars


Sina science and technology news on the afternoon of August 27, Xiaopeng automobile announced today that it would issue 99733334 American Depository shares (each American Depository Share is equivalent to two class a common shares of the company) through the initial public offering, and the issue price is US $15.00 per ads. In addition, Xiaopeng automobile also granted the Underwriters a 30 day option to buy up to 14959999 ADSS.
The total amount of capital raised by Xiaopeng automobile through this offering is about US $1.5 billion, which includes the underwriting allowance and other issuance expenses to be paid by the company. However, the possible increase in the amount of raised funds due to the Underwriters’ option to purchase additional shares has not been considered. Xiaopeng Auto’s American Depository shares are expected to start trading on the New York Stock Exchange on August 27 under the stock code “xpev”. According to the usual transaction conditions, the issue is expected to be delivered on August 31. (Zi Jian)