NIO Inc. (NIO) Prices 88.5M ADS Offering at $17?ADS
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NIO Inc. Announces Pricing of Offering of 88,500,000 American Depositary Shares
August 31, 2020 4:00 AM EDTSHANGHAI, China, Aug. 31, 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 88,500,000 American depositary shares (the ADSs), each representing one Class A ordinary share of the Company (the ADS Offering), at a price of US$17.00 per ADS. The Company will grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 13,275,000 ADSs.
Morgan Stanley & Co. LLC, China International Capital Corporation Hong Kong Securities Limited and BofA Securities, Inc. are... More
