NIO Inc. (NIO) Trades Down Following Announced Offering

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Go back to NIO Inc. (NIO) Trades Down Following Announced Offering

NIO Inc. Announces At-The-Market Offering of American Depositary Shares

September 7, 2021 4:45 PM EDT

SHANGHAI, China, Sept. 07, 2021 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO) (NIO or the Company), a pioneer and a leading company in the premium smart electric vehicle market in China, today announced that it has filed a prospectus supplement to sell up to an aggregate of US$2,000,000,000 of its American depositary shares (ADSs), each representing one Class A ordinary share of the Company, through an at-the-market equity offering program (the At-The-Market Offering).

The ADSs will be offered through Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Goldman Sachs (Asia) L.L.C., China... More