China Joins Electric Vehicle Fundraising Gold Rush
Chinese companies rush to IPO ahead of expected new listing requirements
A banner announcing the Chinese vehicle manufacturer XPeng Inc. outside the New York Stock Exchange ahead of the company's IPO trading under the stock symbol "XPEV" in New York on Aug. 27, 2020. Reuters/Mike Segar/File Photo
Chinese electric vehicle (EV) manufacturer Xpeng priced its initial public offering on Aug. 26 and subsequently saw its stock price surge more than 50 percent above its IPO price by Friday, becoming the latest EV maker to see its shares skyrocket in recent weeks.
Fan Yu
Author
Fan Yu is an expert in finance and economics and has contributed analyses on China's economy since 2015.
