NIO Inc. Class A ( (HK:9866) ) has shared an update.
NIO Inc. announced the successful completion of a HK$4,030.13 million offering of 136,800,000 class A ordinary shares. This equity placement was conducted at an offering price of HK$29.46 per share, with the shares sold to non-U.S. persons in offshore transactions. The placement was facilitated by Morgan Stanley Asia Limited, UBS AG Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited, and Deutsche Bank AG, Hong Kong Branch. This move is expected to bolster NIO’s financial position and support its growth in the competitive electric vehicle market.
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 focuses on designing, developing, manufacturing, and selling smart electric vehicles, with a mission to create a sustainable future. NIO offers premium smart electric vehicles under the NIO brand, family-oriented vehicles through the ONVO brand, and small high-end electric cars with the FIREFLY brand.
YTD Price Performance: -17.39%
Average Trading Volume: 7,395,564
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$59.58B
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