The stock market showed some signs of fatigue on Thursday, although that didn't stop the S&P 500 (SNPINDEX:^GSPC) from reaching another record high. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why XPeng Stock Crashed 10% After Its IPO @themotleyfool #stocks $XPEV, 3 Things You Didn't Know About Electric-Vehicle Stocks, What You Need to Know About Xpeng, China's Latest Tesla Rival, Copyright, Trademark and Patent Information. Today, however, XPeng is giving some of that back. For others, though, it indicates the huge demand that investors have for shares of companies within the industry. Xpeng, which is based in Guangzhou, was founded in 2015 and has offices in both China and Silicon Valley. Hong Kong (CNN Business)Xpeng Motors, a Chinese electric automaker backed by Alibaba, is heading to the New York Stock Exchange, where it hopes to raise up to $1.1 billion — even as relations between Beijing and Washington continue to worsen. Alibaba will own about 15 percent of Xpeng after the IPO. The company boosted its offering price by 25% to $15 per share, and it also upped the size of the IPO from 85 million to … Stock Advisor launched in February of 2002. The IPO is notable considering how much scrutiny Chinese firms that trade in the United States are facing from regulators there. This year, Tesla stock has risen more than 380 percent, and Nikola and NIO have climbed 280 percent and 344 percent, respectively. The bill still needs to be approved by the House of Representatives and signed by the president before becoming law. Li Auto, another Chinese EV startup which increased the size of its U.S. IPO, has since climbed 59% from its offer price. Tesla is splitting its stock to make it more affordable to small investors after it soared past $2,000. "Enactment of any of such legislation or other efforts to increase the US regulatory access to audit information could cause investor uncertainty for affected issuers, including us, and the market price of the [US shares] could be adversely affected," the electric vehicle maker said. Alibaba Group Holding Ltd. also contributed $215 million, boosting its investment in Xpeng. Let's conquer your financial goals together...faster. It aims to price its stock between $11 and $13 per share, according to a regulatory filing on Friday. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. The automaker's stock climbed another 4%, hitting another all-time high and bringing its market capitalization to a stunning $417 billion. But Tesla doesn't need to start quaking in its boots just yet. HONG KONG (Reuters) - Chinese electric vehicle maker Xpeng could raise as much as $1.275 billion from its U.S. initial public offering (IPO) after … Once investors who missed out on the IPO got a chance to buy shares on the secondary market, they gave Xpeng stock an extra boost higher. The American carmaker. Tesla is splitting its elevated shares in a 5-for-1 exchange, a move timed to make the soaring stock less expensive for individual investors https://t.co/bLgn68dowt. With the new IPO pricing at $15, Xpeng is expected to raise about $1.28 billion. Xpeng is known for its fundraising prowess and is backed by a roster of heavyweight investors, including. Xpeng P7 launches in China today. Xpeng Motors soared more than 40% in its debut on the New York Stock Exchange on Thursday. Xpeng's IPO date and pricing are a must-know among investors keen to participate in the Chinese EV (electric vehicle) stock's public listing. The American carmaker. All times are ET. Have a confidential tip for our reporters? The drop could be due to the COVID-19 pandemic affecting auto demand and sales. They're cashing those profits in today, taking chips off the table, and until I see evidence that XPeng has a path to profitability, I cannot say they're wrong to do so. With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world. The vehicles don't share Tesla CEO Elon Musk's insistence on top performance specifications, but Xpeng makes up for it with plush interior design that caters to luxury car buyers. Through 1:55 p.m. EDT Monday, XPeng shares have already retreated 10% from their closing price Friday and are down 18% from their intraday high hit Thursday.

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