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Nio Eyes US stock sale in largest Chinese offering since Didi

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Nio Eyes US stock sale in largest Chinese offering since Didi Bank & Insurance By Jacky Last updated Sep 8, 2021 Share (Bloomberg) — Nio Inc. withdrew the most in nearly three weeks after the unveiling of the largest US fundraising plan by a Chinese company since Didi Global Inc. Shares in the electric carmaker fell a whopping 6.3% on Wednesday after it announced plans to sell up to $2 billion worth of U.S. deposit shares, which would increase its cash holdings amid supply chain disruptions and ahead of its planned IPO. in Hong Kong. The company’s plan for an…

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