NIO Inc. (NIO) Announces Proposed 75M ADS Offering
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NIO Inc. Announces Proposed Offering of 75,000,000 American Depositary Shares
August 27, 2020 6:22 PM EDTSHANGHAI, China, Aug. 27, 2020 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO) (NIO or the Company), a pioneer in Chinas premium smart electric vehicle market, today announced the commencement of the offering of 75,000,000 American depositary shares (the ADSs), each representing one Class A ordinary share of the Company (the ADS Offering). The Company intends to grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 11,250,000 ADSs.
Morgan Stanley & Co. LLC, China International Capital Corporation Hong Kong Securities Limited and BofA Securities, Inc. are acting as the underwriters for... More
