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.
在美國上市的電動汽車製造商的股票$XPeng Inc.(09868.HK)$週三在香港上市首日最初上漲後，股價下跌。
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.
興鵬公司發行8,500萬股A類普通股，每股作價165港元。該股開盤報168港元，上漲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.
這家電動汽車製造商已經在美國上市。通常情況下，在華爾街上市的中國公司會進行所謂的二次上市，通常是在香港。這是一家在一家交易所上市的公司繼續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.
但新鵬的股票發行是一種雙重主板上市。這意味着它將受到美國和香港監管機構的規則和監督，而二次上市則不是這樣。