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.

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Source Fool.com