A woman walks by an Xpeng Motors showroom at its headquarters in Guangzhou China May 18, 2020. — Reuters pic
The company said yesterday it intends to sell 85 million shares American depositary share , each representing two class A ordinary share, priced between US$11 and US$13 per share.The IPO comes at a time when US-listed Chinese companies are facing tightened scrutiny and strict audit requirements from US regulators, as tensions escalate between two of the world’s biggest economies.
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