NIO Inc. Class A ( (HK:9866) ) has issued an announcement.
NIO Inc. announced the pricing of its upsized HK$4,030.13 million offering of 136,800,000 class A ordinary shares, with an offering price of HK$29.46 per share. The proceeds from this equity placement are intended for research and development of smart electric vehicle technologies, strengthening the balance sheet, and general corporate purposes. The placement is expected to close around April 7, 2025, and the shares will be offered to non-U.S. persons in offshore transactions. This move is part of NIO’s strategy to enhance its market position and support its technological advancements.
More about NIO Inc. Class A
NIO Inc. is a leading company in the global smart electric vehicle market, founded in November 2014. The company is known for its innovative technology and premium smart electric vehicles under the NIO brand, as well as family-oriented vehicles through the ONVO brand and small high-end cars with the FIREFLY brand. NIO aims to drive innovations in next-generation core technologies and create a community for shared growth.
YTD Price Performance: -1.44%
Average Trading Volume: 6,307,578
Technical Sentiment Signal: Buy
Current Market Cap: HK$70.05B
For an in-depth examination of 9866 stock, go to TipRanks’ Stock Analysis page.