Xpeng Inc.

Xpeng Inc. (XPEV) priced its initial public offering on Aug 28, 2020 at $15.00 per ADS, and listed on NYSE. At the IPO price its market capitalization was about $6.23B. Credit Suisse was lead-left underwriter, joined by J.P. Morgan, BofA Securities and Haitong and others. Simpson Thacher, Harneys and Fangda Partners advised the company and Latham & Watkins and JunHe advised the underwriters.

XPENG INC. designs, manufactures, sells and services smart electric vehicles in China. At its 2020 IPO its models were the G3 SUV and the P7 four-door sports sedan, which offers an NEDC range of up to 706 km.

Status

IPO

Ticker

XPEV

Exchange

NYSE

Priced

Aug 28, 2020

IPO price

$15.00 per ADS

Market cap at IPO price

$6.23B

First filed

Aug 7, 2020

Underwriters

Credit Suisse, J.P. Morgan, BofA Securities, Haitong and US Tiger

Company counsel

Simpson Thacher, Harneys and Fangda Partners

Underwriters' counsel

Latham & Watkins and JunHe

Sector

Industrials & materials

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.