Xpeng, a Chinese electric vehicle maker competing with Tesla, has filed confidentially for an initial public offering in the U.S., in a listing that could raise $500 million, the South China Morning Post said. The listing comes even as China’s electric vehicle sales continue to decline amid a broader slump in car sales worsened by the Covid-19 pandemic and the reduction of subsidies for EV...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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