eastwest connect

Xpeng newly registered 200 million ADSs to supplement the demand for Hong Kong-US stock exchange quota



On May 22, According to Jinrong Jie (Financial World), Xpeng submitted Form F-6 to the US Securities and Exchange Commission (SEC), applying for an additional registration of 200 million ADSs (American Depositary Shares) to supplement the conversion quota requirements.

It is reported that this move is because the 600 million ADSs registered by Xpeng Motors have almost been used up, and the remaining amount cannot meet the market’s demand for ADS conversion, and has nothing to do with public market issuance and financing.
Xpeng officially stated that the company’s current funds are sufficient to support business development needs, and there is no plan to issue financing to the open market.

At the opening of the market on Monday, the share price of Xpeng once rose by nearly 7%. As of press time, Xpeng rose 5.42% to $9.51, with a market value of $8.2 billion; Xpeng has fallen by 4.28% since the beginning of this year.