China EV Maker NIO Inc. (NIO) IPO Opens 4% Lower
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NIO Inc. Announces Pricing of Initial Public Offering
September 12, 2018 4:46 AM EDTSHANGHAI, China, Sept. 12, 2018 (GLOBE NEWSWIRE) -- NIO Inc. (NIO or the Company) (NYSE: NIO), a pioneer in Chinas premium electric vehicle market, today announced the pricing of its initial public offering of 160,000,000 American depositary shares (ADSs) at a price to the public of US$6.26 per ADS for a total offering size of approximately US$1.0 billion, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents one Class A ordinary share of the Company. The ADSs are expected to begin trading on the New York Stock Exchange on September 12, 2018 under... More
