12th July 2021 – China electric car company XPeng Motors has IPO on Hong Kong Exchange in a dual listing, closing the day flat at HKD 165 with market value of $35.6 billion (7/7/21). XPeng Motors, already listed on NYSE (New York Stock Exchange) in August 2020, raised $1.81 billion (HKD 14.02 billion) in the IPO. XPeng was founded in 2015 by former Alibaba executive He Xiaopeng, who is estimated to have a personal net worth of more than $7 billion. (IPO ~ Initial Public Offering)