Xpeng (NYSE:XPEV) stock is getting a boost today thanks to the company’s initial public offering (IPO) news coming out of Hong Kong.
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
It will be interesting to see if the large SUV 2022, along with Xpilot 4.0 has any additional sensor changes. Or Xpeng believes that the current sensor setup on the P5 is enough to push long-term Xpilot.#XPEV pic.twitter.com/L0Jj7pcDJn
— ChinaDriven (@ChinaDriven) June 23, 2021
It’s all about 2022 and beyond. If $XPEV can execute their plan – tech innovation/middle-market consumers – they’ll be unstoppable. Nothing wrong with being the Honda/Toyota/Hyundai of EVs.
— #thisoneladies (@determinedpic) June 23, 2021
— Kings Kid (@SonOfAKing3) June 23, 2021
Confirmation can happen any day. pic.twitter.com/OdJ3oB5kyw
— Marcel Münch 马赛 💎 🙌 (@_mm85) June 23, 2021
The Hong Kong Exchange has granted electric car maker Xpeng the right to do an IPO. Keep a close eye on $XPEV.
— Bruce Tennen (@BruceTennen) June 23, 2021
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
- NKLA Stock: The ‘Hydrogen Hub’ News Giving Nikola Shares a Charge Today
- Meme Stocks: What’s Going on With SPCE, CLOV, EXPR, GME and AMC Today?
- WSRC Stock: 13 Things to Know About Penny Stock Western Sierra Resource After Shares Rocketed Nearly 1,000%
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.