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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...
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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

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