Kyodo News Stills via Getty Images Chinese electric car maker Xpeng aims to raise $ 1.5 billion in a first public offering, it said Thursday. The Tesla competitor said it would sell 99.7 million U.S. depository shares for $ 15 each. It increased the total it had planned in large …
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The New York Stock Exchange has won the approval of regulators to allow companies new shares through direct listings, creating a cheaper alternative to the traditional first public offering. The Securities and Exchange Commission said Wednesday night in an order that it approved a new type of direct listing where …
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People wear their face masks waiting in line for an emergency food distribution at 88th Street Temple Church of God in Christ on April 14, 2020 in Los Angeles, California, during the coronavirus pandemic. Frederic J. Brown | AFP | Getty Images The number of Americans who first filed for …
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Xpeng Motors Technology is headquartered in Guangzhou, China Giulia Marchi | Bloomberg | Getty Images Chinese electric car maker Xpeng has increased the size of its U.S. public offering to about $ 1.49 billion, two sources with direct knowledge of the matter. The company will price its shares at $ …
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Hurricane Laura made landfall in southwestern Louisiana as a fierce Category 4 monster with 150 mph winds early Thursday, sweeping a low-lying coastline with ocean water that forecasters said could be 20 feet deep and unbearable. The National Hurricane Center said the storm, which intensified rapidly Wednesday before plowing ashore, …
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