NIO Inc ADR

NIO: XNYS (USA)
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Nio: Negative Reaction to Proposed Additional New Shares Offering, but It Is Not a Surprise

Nio plans to offer 182 million new Class A ordinary shares for USD 5.57 or HKD 43.36 to fund its smart vehicle technology research, new model development, battery-charging network expansion, and to further strengthen its balance sheet.

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