Today, $XPeng (XPEV.US)$XPeng Motors announced the pricing of its follow-on public offering of 48 million American Depositary Shares (ADSs). Each ADS represents two Class A ordinary shares of the company, with a public offering price of $45 per ADS, aiming to raise $2.16 billion, which is the largest first-time share issuance in the history of Chinese stocks listed overseas. If the underwriters fully exercise the over-allotment option (green shoe), the total amount raised will reach $2.484 billion. The underwriters will have a 30-day option to purchase up to an additional 7.2 million ADSs from the company. Subject to customary closing conditions, the offering is expected to close on December 11, 2020.