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<IPO>XPENG-W Purportedly Plans to Spin off Flying Car Subsidiary, XPeng AeroHT, for Listing in HK or US
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XPENG-W (09868.HK)(XPEV.US) is exploring an IPO for its flying car subsidiary, XPeng AeroHT, in either Hong Kong or the U.S., and has invited banks to pitch for a role in an IPO, Bloomberg cited people with the knowledge of the matter. The IPO plans are still under discussion, and XPeng may opt for a different listing venue or decide against a stock offering entirely, report told. XPeng AeroHT is building an assembly line in Guangzhou, expected to be completed this year, with mass production and deliveries starting next year. AAStocks Financial News |
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