NIO Inc. (NIO) Prices 68M ADS Offering at $39/ADS
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NIO Inc. Announces Pricing of Offering of 68,000,000 American Depositary Shares
December 14, 2020 4:00 AM ESTSHANGHAI, China, Dec. 14, 2020 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO) (NIO or the Company), a pioneer in Chinas premium smart electric vehicle market, today announced the pricing of the offering of 68,000,000 American depositary shares (the ADSs), each representing one Class A ordinary share of the Company (the ADS Offering), at a price of US$39.00 per ADS. The Company has granted the underwriters in the ADS Offering a 30-day option to purchase up to an additional 10,200,000 ADSs.
Morgan Stanley & Co. LLC and China International Capital Corporation Hong Kong Securities Limited are acting... More
