Shares of Chinese Tesla rival Xpeng slid on Hong Kong debut
Shares of Chinese Tesla rival Xpeng slid on Hong Kong debut
Shares of U.S.-listed electric vehicle maker $XPeng Inc.(09868.HK)$ were down after initially rising on Wednesday in their Hong Kong debut.
在美国上市的电动汽车制造商的股票$XPeng Inc.(09868.HK)$周三在香港上市首日最初上涨后，股价下跌。
Xpeng issued 85 million Class A ordinary shares at a price of 165 Hong Kong dollars each. Those shares opened at 168 Hong Kong dollars, a 1.8% rise.
兴鹏公司发行8,500万股A类普通股，每股作价165港元。该股开盘报168港元，上涨1.8%。
The electric carmaker is already listed in the U.S. Usually, Chinese companies listed on Wall Street will do what’s known as a secondary listing, usually in Hong Kong. This is where a company, listed on one exchange, goes on to sell shares on another.
这家电动汽车制造商已经在美国上市。通常情况下，在华尔街上市的中国公司会进行所谓的二次上市，通常是在香港。这是一家在一家交易所上市的公司继续在另一家交易所出售股票的地方。
But Xpeng’s share offering is a dual-primary listing. That means it will be subject to the rules and oversight of both U.S. and Hong Kong regulators, which isn’t the case with a secondary listing.
但新鹏的股票发行是一种双重主板上市。这意味着它将受到美国和香港监管机构的规则和监督，而二次上市则不是这样。