NIO Inc. Announces Pricing of Initial Public Offering

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NIO (NIO) IPO Sees Upside After Weak Start

September 12, 2018 1:49 PM EDT

After a lousy start, today's IPO for NIO Inc. (NYSE: NIO) is pressing higher. Shares are at $6.70 after pricing at $6.26, opening at $6 and going as low as $5.35.

The company makes premium electric vehicles in China.

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China EV Maker NIO Inc. (NIO) IPO Opens 4% Lower

September 12, 2018 10:34 AM EDT

Today's IPO for NIO Inc. (NYSE: NIO) opened for trading at $6 after pricing 160,000,000 American depositary shares at a price to the public of US$6.26 per ADS.

Morgan Stanley & Co. LLC, Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner... More