Xiaopeng Motors updated prospectus plans to issue 85 million shares of ADS


According to documents disclosed by the US Securities and Exchange Commission (SEC) on the 21st, Xpeng Motors plans to issue 85 million ADSs in the US IPO, corresponding to 170 million Class A common shares, and the price per ADS is between $11-13 per ADS. The lead underwriters of Xpeng Motors’ IPO are Credit Suisse, JPMorgan Chase, and Bank of America Merrill Lynch.

Guangdong Xiaopeng Automobile Technology Co., Ltd., a wholly-owned subsidiary of Xpeng Motors, added an industrial and commercial change record on August 13, and the company’s registered capital increased from 6 billion yuan to 15 billion yuan, an increase of 150%. The substantial increase in registered capital is also interpreted as Xpeng Motors is approaching the day of its official IPO.

On August 8, Xpeng Motors formally submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) and plans to list on the New York Stock Exchange. The contents of the document show that Xpeng Motors’ listed stock code is “XPEV”, and the underwriters of this IPO include Credit Suisse, JPMorgan Chase, and Bank of America Securities. It is reported that Xpeng Motors is tentatively scheduled to set prices on August 26 and go on sale on August 27.