(reuters) - shares of chinese electric vehicle (ev) maker xpeng inc are set to open up 1.8% from their initial public offering (ipo) price in the company's dual primary listing debut in hong kong on wednesday.
the stock is set to open at hk$168 per share, versus the ipo price of hk$165. the percentage jump would compare with a 1.1% fall in the benchmark hang seng index and 1.2% decline in the hang seng china enterprises index.
xpeng's new york-listed american depository shares (ads) were up 0.7% late on tuesday at $44.05 each. one ads is equivalent to two hong kong shares.
the company raised $1.8 billion by selling 85 million shares in the deal finalised last week.
(reporting by donny kwok; editing by christopher cushing)
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