XPeng Holders Reportedly Sell Stock as IPO Lockup Expires
Early investors in XPeng are reportedly selling shares of the electric-vehicle producer. The shares of the Guangzhou, China, company at last check were down 4.3% at $36.39. XPeng holders will offer about 10.5 million American depositary receipts at $32.25 to $35.75 each, depending on where the broker handling the large block of stock is able to set the price, according to Barron’s.
