news

小鹏汽车已于6月23日通过港交所聆讯,将成为今年中国首个美国纽约、中国香港两地双重上市的中概股。据财经媒体报道,本次IPO将募资约153亿港元。方达律师事务所、苏利文·克伦威尔律师事务所担任发行人律师;君合律师事务所、富而德律师事务所则为联席保荐人提供法律意见。

小鹏汽车成立于2015年,总部位于广州,是中国智能电动汽车设计及制造商。2020年,小鹏汽车在美国纳斯达克上市。

衡力斯律师事务所担任发行人离岸律师。联席保荐人为摩根大通、美银证券。

S&C, Freshie lead on Chinese EV maker’s planned HK dual primary listing

Sullivan & Cromwell and Fangda Partners are advising Chinese smart electric vehicle maker Xpeng on its planned dual primary listing in Hong Kong, with Freshfields Bruckhaus Deringer and JunHe advising the joint sponsors. The listing is expected to raise nearly $2 billion.

According to Reuters, the Nasdaq-listed Xpeng chose a dual primary listing rather than a secondary listing as it has been listed in New York for less than two years. Under Hong Kong rules, a secondary listing requires at least two financial years of good regulatory compliance on another qualifying exchange, Reuters added.

Established in 2015, the Guangzhou-headquartered Xpeng was listed in Nasdaq in August 2020. According to Reuters, Xpeng will use the funds raised from the Hong Kong list to develop more advanced smart car technologies, such as autonomous driving functions, with its in-house team of engineers, and will expand its product portfolio.

Harneys is advising the company on offshore law. The joint sponsors are JP Morgan and BofA Securities.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.