Just now, XPeng officially listed on the NYSE, becoming the fourth Chinese new energy car company to go public in the US after NIO, Li Auto, and Xpeng. It also set a new record for the fastest IPO of a new energy car company, from brand release on April 15, 2021 to successful IPO in just 37 months.
Its stock code is “ZK”. Due to oversubscription, JiKe expanded the IPO size, issuing a total of 21 million American depositary shares at a price of $21 per share, raising approximately $441 million. If underwriters exercise their over-allotment option, the offering size will further increase to 24.15 million ADS, raising approximately $507 million.
This also helps attract more international investors’ attention and funding, accelerating business expansion and product development. Companies listed on the NYSE often gain higher market recognition and brand value.