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INTZ - U.S. IPO Weekly Recap: The IPO Market Gears Up For Fall With Wave Of Filings In A 2 IPO Week
Intrusion Inc.
Two foreign electric vehicle makers and three SPACs went public this past week. A wave of filings brought 27 companies into the IPO pipeline.
XPeng (XPEV), a Chinese electric vehicle maker, upsized and priced above the range to raise $1.5 billion at an $11.2 billion market cap. While the company has yet to achieve positive gross margins, its P7 model has seen strong early reception, and it came to market below close peers Li Auto (LI) and NIO (NIO), both of which have performed well. Insiders and a new investor indicated on $500 million of