XPeng is reported to have hired banks to arrange for its flying car division's IPO in Hong Kong, expected to be completed within the year
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According to a report by Bloomberg, XPeng (9868) has hired JP Morgan and Morgan Stanley to arrange the IPO of its flying car division "Huitian" in Hong Kong, and has submitted a listing application confidentially, which may be completed as early as this year. XPeng rose over 2% to HKD 80.2 in the afternoon; currently reported at HKD 79.75, continuing to rise about 1.5%
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