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.
Continue reading now
Get 30 days of free access to the Decision Brief to read these and more quality news every day.
Are you already a guest at the China.Table? Log in now