The Digital Source For China's Tech Innovation Since 2000

Search
Close

Nio falls as the EV maker plans biggest US stock sale by a Chinese company since Didi IPO

September 9, 2021
Source: msn.com msn.com
News Snapshot:
Electric-vehicle maker Nio slid as much as 6.8% on Wednesday after it announced plans to sell up to $2 billion in US-based shares, the biggest such offering since Didi's IPO. NYSE-listed shares in Nio fell as low as $37.81 on Wednesday from the previous day's close of $40.59. Shanghai-based Nio had previously signaled it would pursue a second listing in Hong Kong, following the lead of rivals like XPeng, which did so in June . Analysts cited by Bloomberg disagreed on whether the $2 billion in US shares indicated further hurdles in the Hong Kong listing process. Deutsche Bank's Edison...
Go To Original Source →
Tags: auto | bank | Bloomberg | Chinese | chip | delivery | Deutsche Bank | Didi | Dollar | electric vehicle | Elon Musk | EV | Ford | Hong Kong | ipo | IT | KONG | listing | NIO | NYSE | semiconductor | Shanghai | stock market | Tesla | Xpeng

Other Related News:

Tesla is back to ramping up Gigafactory Shanghai to new production records

May 24, 2022

China’s online maps dotted with Covid-testing booths as testing becomes routine under zero-Covid strategy

May 24, 2022

Alibaba, Kuaishou pace HK stock losses on tech earnings outlook while Beijing faces tighter Covid rules

May 24, 2022

Mysterious firm Lotcap seeks to take controlling stake in Arm China

May 24, 2022

Japan hosts Quad summit seeking unity on countering China

May 24, 2022

Dow Jones Jumps As Biden Says This On China; JPMorgan Chase Leads Bank Stocks Higher; Apple Stock Pops News

May 24, 2022

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stake Boosted by Tekne Capital Management LLC

May 24, 2022

Spying Reported on Russian Defense Institutes by Chinese “Twisted Panda” Hackers

May 24, 2022

New Chinese Checkers Game 2-4 players £10

May 24, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....