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Chinese EV maker Xpeng increases U.S. IPO size to $1.5 billion – Fox Business

Chinese electric vehicle (EV) maker Xpeng has increased the size of its U.S initial public offering (IPO) to about $1.49 billion, two sources with direct knowledge of the matter said.

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HONG KONG  – Chinese electric vehicle (EV) maker Xpeng has increased the size of its U.S initial public offering (IPO) to about $1.49 billion, two sources with direct knowledge of the matter said.
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The company will price its shares at $15 each, the sources said, after initially indicating they would be sold for $11 to $13 when the deal was launched on Friday.
The 2020 Xpeng G3 model comes in two versions and starts at about $20,000.
Xpeng…

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