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Xpeng and DingDong: boom for IPOs in Hong Kong

After the shock over Ant Financial’s canceled IPO (China.Table reported), China’s companies are venturing back into the Hong Kong market. The Guangzhou-based electric car maker Xpeng is currently preparing its initial listing. They already trade in New York but are looking to raise another $2 billion in Hong Kong, Bloomberg reported. The IPO is expected to take place before the end of the year.

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