Xpeng, a Chinese smart electric vehicle producer, seeks to raise USD1.1 billion from its initial public offering on the New York Stock Exchange with a ticker ‘ XPEV ’, being the 3 rd Chinese carmaker to get listed in the world ’ s largest capital market after Nio and Li Auto. The Guangzhou-based firm is selling 85 million American depository shares (ADS) with a price between USD11 and USD13, according to the firm’s files submitted to the US Stock Exchange Commission yesterday . XPeng ’ s market capitalization is expected to be USD9.17 billion if the share price is fixed at USD13. BofA Securities, Credit Suisse Securities (USA) and J.P. Morgan Securities are acting as joint book-running managers of the offering and as representatives of the underwriters. Simplicity Holding Limited holds 2 6.4 percent of XPeng, the e-commerce giant Taobao China Holding holds 14.4 percent, IDG entity has 6.2 percent, while the executive team has 4...