Why XPeng Stock Crashed 10% After Its IPO
Four days ago, Chinese electric car maker XPeng (NYSE: XPEV) roared onto the public markets. Debuting at an IPO price of $15 per American Depositary Share, XPeng ran ahead 41.5% on its first day of trading and then tacked on 7.4% more on its second day.
Today, however, XPeng is giving some of that back.
Image source: Getty Images.
Source Fool.com
