Technology

Xpeng (XPEV) Has Filed To Register 170 Million Class A Common Shares as Its $1 Billion Plus IPO Approaches

4 years ago

Anonymous $qOHwDUKgAF

https://wccftech.com/xpeng-xpev-has-filed-to-register-170-million-class-a-common-shares-as-its-1-billion-plus-ipo-approaches/

Xpeng (XPEV), the manufacturer of luxury electric vehicles, has become the latest in a growing litany of Chinese EV players that are opting for a U.S. listing. While the company filed the initial Form F-1 with the U.S. Securities and Exchange Commission (SEC) on the 10th of August, today’s amended filing reveals granular details regarding the upcoming IPO.
As a refresher, the original Form F-1 filed by Xpeng registered 429.84 million class B common shares for an IPO on the New York Stock Exchange (NYSE). Today’s filing, however, has registered 85 million American Depositary Shares (ADS) that represent 170 million class A shares:

Xpeng (XPEV) Has Filed To Register 170 Million Class A Common Shares as Its $1 Billion Plus IPO Approaches

Aug 21, 2020, 5:23pm UTC

$qOHwDUKgAF

https://wccftech.com/xpeng-xpev-has-filed-to-register-170-million-class-a-common-shares-as-its-1-billion-plus-ipo-approaches/ > Xpeng (XPEV), the manufacturer of luxury electric vehicles, has become the latest in a growing litany of Chinese EV players that are opting for a U.S. listing. While the company filed the initial Form F-1 with the U.S. Securities and Exchange Commission (SEC) on the 10th of August, today’s amended filing reveals granular details regarding the upcoming IPO. > As a refresher, the original Form F-1 filed by Xpeng registered 429.84 million class B common shares for an IPO on the New York Stock Exchange (NYSE). Today’s filing, however, has registered 85 million American Depositary Shares (ADS) that represent 170 million class A shares: