If you can go public, you will always choose
Although the U.S. stock market is changing, it is still the preferred choice for current new car companies.
We learned from many capital sources that Xiaopeng Auto is close to submitting IPO documents to the US stock market in secret and plans to raise US $ 500 million. The overall listing plan is expected to be from July to September of this year. JPMorgan Chase, Goldman Sachs and other investment banks have been hired. Among them, JPMorgan Chase is the main underwriter. Gu Hongdi, Vice Chairman and President of Xiaopeng Automobile, once served as Chairman of JPMorgan Chase Asia Pacific Investment Bank.
For the above information, Xiaopeng Auto responded, “We will not comment on market rumors. Xiaopeng Auto will closely monitor the development of the capital market to grasp the benefits. Financing opportunities for business development. “
A few days ago, the National Enterprise Credit Information Publicity System showed that the shareholders of Xiaopeng Automobile Operation Company Guangzhou Orange Bank Zhidong Automobile Technology Co., Ltd. had changed shareholders, and a total of 27 shareholders such as Alibaba, Xiaheng and He Xiaopeng withdrew from the company. For this, Xiaopeng Auto told the media that the move “still belongs to the previous operation of the group ’s overseas reorganization.”
A source close to Xiaopeng Auto ’s senior executives told us that the red chip structure required for Xiaopeng Auto ’s overseas listing has been completed. “The current time to market is only a plan. Not finalized. “
Affected by the fraudulent financial data of Ruixing Coffee and the trade situation between China and the United States, the attitude of the US stock market to the Chinese stock market this year is still unclear, and many companies that originally planned to go to the United States for IPO are on the sidelines.
The ideal car investor who also plans to make an IPO in the US stock market told, “(ideal car) will wait until at least the second quarter data comes out and look at it.” But some investors believe that Tesla ’s stock price trend is very good, which is The new car manufacturing company is a good one, “and for the head car companies of Ideal, Xiaopeng and Weimar, they will choose to go public at this stage.”
Xiaopeng Auto ’s latest financing occurred in November last year. The company received C round of US $ 400 million in financing. Investors include Xiaomi Group and Chenxing Capital, Jingwei Venture Capital and other old shareholders. According to Bloomberg reports, Xiaopeng Auto’s current valuation reached 4 billion US dollars.
In the next financing, Xiaopeng Automobile did not fully bet on the IPO. A number of sources told us that in addition to preparing for an IPO in the United States, “He Xiaopeng (CEO of Xiaopeng Auto) is also looking for money in the primary market and has recently approached many large listed companies.”
In an interview last year, He Xiaopeng once said that in addition to the IPO, there are many