EV Charging Company XCHG Limited Initiates IPO Effort

Source: seekingalpha.com seekingalpha.com

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UniqueMotionGraphics XCHG Limited's Revenue Growth Is Slowing XCHG Limited (XCH) has filed to raise $50 million in an IPO of its American Depositary Shares representing underlying Class A shares, according to an SEC F-1 registration statement. The company has developed a network of electric vehicle ("EV") charging stations. XCH’s revenue growth is decelerating and operating results are uneven, so the IPO may be challenged. What Does XCHG Do? Cayman Islands-based XCHG Limited was founded to develop a line of DC charging stations and related charging services for battery electric vehicles in various global regions. Management is headed by Chief Executive...