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Chinese electric vehicle maker Xpeng will price its Hong Kong initial public offering retail shares at no more than HK$180 ($23.2) each, according to a prospectus filed with the US Securities Exchange Commission on Thursday.
The price represents an 11.7 per cent premium on its closing price in the US on Wednesday. The company will raise as much as HK$17.6 billion on the Hong Kong stock exchange, if it can fix its final price at the top end and fully exercise an overallotment option.
Xpeng is offering 85 million new . . .
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