Chinese EV maker Xpeng surges 67% on US debut, raises $1.5b in IPO

Chinese EV maker Xpeng surges 67% on US debut, raises $1.5b in IPO

A staff member of XPeng Motors stands next to the charging station at company's booth during the media day for Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song/File Photo

Shares of Chinese electric vehicle (EV) maker Xpeng Inc jumped as much as 67% after its U.S. market debut on Thursday, as capital markets continue to reward new listings in what has been one of the best years for IPOs since the dotcom boom.