When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
VSTA - U.S. IPO Week Ahead: Chinese EV's Billion-Dollar Deal Closes Out Summer In A 2-IPO Week
Vasta Platform Limited
Two IPOs and two SPACs are scheduled to go public in the week ahead. Chinese EV maker Xpeng (XPEV) is leading summer's last wave with a billion-dollar deal.
Xpeng plans to raise $1.0 billion at an $8.8 billion market cap. Xpeng targets the mid- to high-end segment in China's passenger vehicle market and currently offers two electric vehicles, with a third model expected in 2021. The company is highly unprofitable (-6% LTM gross margin), and revenue was hit hard in the 1H20 as the coronavirus pandemic impacted sales.