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NIO Inc. (NIO) Prices 68M ADS Offering at $39/ADS

December 14, 2020 6:04 AM

NIO Inc. (NYSE: NIO) 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 as representatives for the underwriters for the ADS Offering.

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