NIO Inc. Announces At-The-Market Offering of American Depositary Shares
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NIO Inc. (NIO) Trades Down Following Announced Offering
September 8, 2021 2:00 PM EDTShares in the electric carmaker, Nio Inc. (NYSE: NIO), dropped as much as 6.3% Wednesday after it announced plans to sell up to $2 billion of American depositary shares, which would boost its cash holdings amid supply-chain disruptions and ahead of its planned Hong Kong listing.
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