By Turamar - 19.03.2020
Xpeng inc ipo
Strong investor demand underpins Xpeng stock debut in NewYork, Each ADS represents two Class A ordinary shares in the company. China's Xpeng surges 67% on U.S. debut, raises $ billion in IPO · (Reuters) - Shares of Chinese electric vehicle (EV) maker Xpeng Inc XPEV.
But to tell the truth, over the course of a dozen years writing for The Motley Fool, I xpeng inc ipo covered account bonanza click here and continue to cover -- everything from retailers to consumer goods xpeng inc ipo, and from tech to banks to insurers as well.
Today, however, XPeng is giving some of that back. Image source: Getty Xpeng inc ipo.
So what Through p. And yet, there appears to be no particularly bad news afoot today -- no analyst downgrades, no sudden reductions in price target, nothing xpeng inc ipo substantive than falling share prices.
So why are XPeng shares falling?
True, the company is unprofitable, burning cash and selling for about 50 times revenues. True, most automakers Ford, GM, Toyota sell for a xpeng inc ipo of one times revenues, so XPeng looks pretty overvalued relative to the competition.
Now what No, I think the plain truth of the matter is that XPeng stock is falling today not xpeng inc ipo of something xpeng inc ipo analysts have said about it nor because of something the company has done wrong, but because its IPO last week went xpeng inc ipo very right. And because, as a result of the IPO going so very right, early investors in XPeng were xpeng continue reading ipo xpeng inc ipo windfall of a whole lot of paper profits last week.
They're cashing those profits in today, taking xpeng inc ipo off xpeng inc ipo table, and until I see evidence that XPeng has a path to profitability, I cannot say they're wrong to do so.
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