XPEV Stock: What Investors Are Saying About Xpeng Following the Hong Kong IPO News

Xpeng (NYSE:XPEV) stock is getting a boost today thanks to the company’s initial public offering (IPO) news coming out of Hong Kong.

Xpeng logo and P7 model in store XPEV stock

Source: Andy Feng / Shutterstock.com

According to recent reports, the company has been approved for an IPO listing in Hong Kong. These reports also claim that the IPO will have Xpeng raising between $1 billion and $2 billion. It’s worth noting that XPEN stock is already listed in the U.S. and that the company is based out of China.

With talk of an IPO bringing in more funds for the company, XPEV stock is on the move today. As of this writing, more than 14 million shares have changed hands. That’s about to overtake the company’s daily average trading volume of 15.3 million shares.

To go along with this, there’s plenty of discussion from holders of XPEV stock on social media today. Let’s take a look at what some of them are saying on Twitter (NYSE:TWTR) below!

XPEV Stock Twitter Talk

XPEV stock was up 4.1% as of Wednesday afternoon but is down 5.9% since the start of the year.

While there’s no denying that SPEV stock is a major mover on the stock market today, that doesn’t mean investors should ignore other shares.

There’s plenty of hot stock market news for traders to look over today. Lucky for them, InvestorPlace has all the latest news ready to go. That includes what investors need to know about the Nikola (NASDAQ:NKLA) hydrogen hub, what meme stocks are doing today, as well as why Western Sierra Resource (OTCMKTS:WSRC) is on the move. You can learn all about these matters by following the links below!

More Stock Market News for Wednesday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.


Article printed from InvestorPlace Media, https://investorplace.com/2021/06/xpev-stock-what-investors-are-saying-about-xpeng-following-the-hong-kong-ipo-news/.

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