Share price soared 41percent on the first day, with a market value of 15.5 billion US dollars! Xiaopeng auto officially landed in NYSE

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 Share price soared 41percent on the first day, with a market value of 15.5 billion US dollars! Xiaopeng auto officially landed in NYSE


Previously, the financing amount and issuing valuation of Xiaopeng automobile were the highest at the IPO of the three new auto making forces, which were higher than the previous financing amount and issuance valuation of ideal automobile and Weilai IPO. It also makes Xiaopeng auto the IPO with the highest price and the largest financing scale in the history of global new energy automobile enterprises, and attracts almost all the worlds top institutional investors as shareholders of listed companies.

The issue price is super Weilai and ideal, and the capital market continues to be optimistic

After the policy popularization and technology fermentation in recent years, some analysts believe that new energy vehicles have the strength to compete with traditional fuel vehicles, and the automobile industry may accelerate to turn to full electrification, which is one of the important reasons for the new energy vehicles to enter the first year of the outbreak in 2020. Thats why the new car three swordsmen will join forces on Wall Street. The public offering of Xiaopeng automobile in the United States has made Xiaopeng automobile famous and profitable, largely because of its strong strength.

The IPO price of Xiaopeng auto is 15 US dollars / ads, with a total of 99.73 million American Depository shares (ads), with a market value of 11.021 billion US dollars. Xiaopeng automobile originally planned to issue 85 million ads shares, with a corresponding financing scale of 1.28 billion US dollars. However, due to the higher market demand, the issuance scale was increased to about 99.73 million shares, which means that the total amount of funds raised by Xiaopeng automobile this time is about 1.5 billion US dollars.

At the end of last month, the ideal auto issue price of Nasdaq was US $11.5 per share, the total amount of raised funds was $1.1 billion, and the pre market market market value on the day of listing was US $9.724 billion; the IPO price of Weilai in the United States in 2018 was US $6.26 per share, the total amount of funds raised was US $1 billion, and the pre market value on the day of listing was US $6.4 billion.

It can be seen that the IPO price, pre market market value and financing scale of Xiaopeng automobile are all higher than Weilai and ideal, which was listed in the United States before. This means that the leading enterprises of new automobile manufacturing forces are still optimistic about the capital market.

From the perspective of equity structure, the prospectus shows that he Xiaopeng, chairman of Xiaopeng automobile, is the largest shareholder, holding 31.6% of shares, Xia Heng holds 4.9%; Gu Hongdi holds 2.8%; He Tao holds 1.6%; Taobao China holding company is the largest external shareholder, holding 14.4%. Other major shareholders include Xiaomi, GGV Jiyuan capital and Chenxing capital. At present, there are Internet giants behind the three new forces of car manufacturing companies, which have formed a pattern of Weilai + Tencent, ideal + meituan, Xiaopeng + Ali. And strong capital support is the most powerful guarantee for the listing and development of Xiaopeng automobile.

Compared with other new forces of car making, the biggest chip of Xiaopeng automobile is intelligence. In the prospectus, Xiaopeng automobile emphasized self-study for many times, including automatic driving and intelligent operating system, and disclosed its own proprietary algorithm, including localization and high-precision map fusion, camera based perception and multi-sensor fusion, behavior planning, motion planning and control, etc.

It can be said that Xiaopeng automobile is the first vehicle enterprise in China to successfully develop a commercial automatic driving software system and realize mass production. It has completely independently designed and developed full stack automatic driving technology and intelligent voice vehicle system, including power system and electronic and electronic architecture.

In addition to software, Xiaopeng automobile has also achieved autonomy in the core hardware level. In the most critical three electric systems of electric vehicles, in addition to battery cell procurement, battery management system (BMS) and battery pack are all independently developed by Xiaopeng automobile; Xiaopeng automobile is also the only company in the new automobile manufacturing forces to develop two platforms at the same time, and develop SUV and car models based on this; the factory is also a self built factory, which is the only one with self production qualification in China There are also new car manufacturing enterprises.

Different from Weilai automobile and ideal automobile, Xiaopeng automobile chooses to cut into the new automobile industry from the technical ability, and the core software and hardware are all independently researched and developed. This kind of enterprise which regards technology investment as the core competitiveness does not coincide with the investment logic of intelligence is the future trend of capital.

Intelligent manufacturing and independent R & D capabilities have also become the best weapon for Xiaopeng automobile to attract capital. According to the prospectus, Xiaopeng automobile has completed 10 rounds of financing since its establishment. The latest financing is the C + and C + + round financing conducted in July and August this year, raising a capital of 900 million US dollars. The investors include Alibaba, ASPEX, coatue, Hillhead capital and Sequoia China, etc., with a post investment valuation of 8 billion US dollars. In November last year, Xiaopeng auto raised $400 million in round C and introduced strategic investment in Xiaomi group. As of the second quarter of 2020, Xiaopeng automobile has cash assets of 2.12 billion yuan, and its cash reserve is better than that before Weilai automobile and ideal automobile IPO. We have done a bold thing in the past six years and we have always firmly believed that smart cars are the future, he said. Today, Xiaopeng automobile has entered a new stage. Beyond this stage, we will have more food, more trust and more support to meet the real arrival of the era of smart cars. It can be seen that Xiaopeng automobile still firmly believes in the prospect of smart car track. After the enterprise milestone of listing, Xiaopeng automobile hopes to become the representative of smart car. And this stage is just beginning, we will see. Source: editor in charge of mass news: Chen Tiqiang_ NB6485

Intelligent manufacturing and independent R & D capabilities have also become the best weapon for Xiaopeng automobile to attract capital. According to the prospectus, Xiaopeng automobile has completed 10 rounds of financing since its establishment. The latest financing is the C + and C + + round financing conducted in July and August this year, raising a capital of 900 million US dollars. The investors include Alibaba, ASPEX, coatue, Hillhead capital and Sequoia China, etc., with a post investment valuation of 8 billion US dollars. In November last year, Xiaopeng auto raised $400 million in round C and introduced strategic investment in Xiaomi group. As of the second quarter of 2020, Xiaopeng automobile has cash assets of 2.12 billion yuan, and its cash reserve is better than that before Weilai automobile and ideal automobile IPO.

We have done a bold thing in the past six years and we have always firmly believed that smart cars are the future, he said. Today, Xiaopeng automobile has entered a new stage. Beyond this stage, we will have more food, more trust and more support to meet the real arrival of the era of smart cars. It can be seen that Xiaopeng automobile still firmly believes in the prospect of smart car track. After the enterprise milestone of listing, Xiaopeng automobile hopes to become the representative of smart car. And this stage is just beginning, we will see.