Chinese EV maker Xpeng increases U.S. IPO size to $1.5 billion
EV startup Canoo set to go public via ‘SPAC’
Canoo joins forces with Hennessy Capital Acquisition to build an electric vehicle they call a ‘loft on wheels’ with a ‘skateboard’ platform; insight from Canoo co-founder and CEO Ulrich Kranz and Dan Hennessy, CEO of Hennessy Capital Acquisition.
HONG KONG - Chinese electric vehicle (EV) maker Xpeng has increased the size of its U.S initial public offering (IPO) to about $1.49 billion, two sources with direct knowledge of the matter said.
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TESLA STOCK COULD ZOOM TO $3,500 IN BULL-CASE SCENARIO
The company will price its shares at $15 each, the sources said, after initially indicating they would be sold for $11 to $13 when the deal was launched on Friday.
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