Daily Archive: June 10, 2020

Nio Sinks After-Hours On Proposed 60M ADS Offering

Nio Sinks After-Hours On Proposed 60M ADS Offering

China’s Nio Inc (NIO) has announced an offering of 60 million American depositary shares (ADSs), each representing one Class A ordinary share of the company. Shares fell 5% in Tuesday’s after-market trading.The electric-vehicle maker also...