Xpeng’s flying car unit readies Hong Kong IPO for take-off

Aridge, the affiliate of Chinese electric vehicle maker Xpeng formerly known as AeroHT, is likely to spearhead a listing bonanza of flying car businesses in Hong Kong as its share offering plan edges closer to the runway. The Guangzhou-based company, controlled by Xpeng co-founder and CEO He Xiaopeng, confidentially filed an initial public offering (IPO) plan with the Hong Kong stock exchange and hired JPMorgan Chase and Morgan Stanley to underwrite the share sale, according to two people with...