HONG KONG -- U.S.-listed Chinese electric vehicle maker Xpeng on Thursday opened a Hong Kong share sale for subscription with an aim to raise as much as $2 billion, reviving the so-called homecoming listings.
The primary dual listing of 85 million shares will be open until Tuesday and is scheduled to price the next day, according to a term sheet seen by Nikkei Asia. The company will make its Hong Kong debut on July 7. Two Hong Kong shares will be equal to one American depositary receipt.
