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-9.85818299603635E-05 0.00079804338539407 0.00037085545556555 0.00037085545556555 0.00694297745292717 0.00365691645424644 0.00037085545556555 -0.00995676482600305
Stock impact report

XPeng (XPEV) Soars 9% on Unit IPO [Yahoo! Finance]

XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV) 
Company Research Source: Yahoo! Finance
XPeng saw its share prices jump by as much as 8.99 percent at intra-day trading on Monday at $21.62 apiece as investors took heart from news that its flying car subsidiary is planning to pursue an initial public offering (IPO) to raise funds for its takeoff plans. At market close, the stock pared gains to end the day just up by 8.39 percent at $21.70 apiece. According to a report by South China Morning Post, citing people privy to the matter, Guangzhou-based Aridge, owned and controlled by XPeng Inc. (NYSE:XPEV) CEO He Xiaopeng and is currently valued at $2 billion, confidentially filed an IPO with the Hong Kong Stock Exchange (HKEX) and hired JPMorgan and Morgan Stanley as its underwriters for the sale. The IPO is said to be targeted this year. Igor Karasi / Shutterstock.com XPeng Inc. (NYSE:XPEV) and Aridge have yet to issue a comment to confirm the reports. Earlier, Aridge announced plans to deliver its flying cars in the second half of 2026, while it is underway with th Show less Read more
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