Monthly Archive: August 2020

Nio To Sell 75M Shares; Stock Drops 7%

Nio To Sell 75M Shares; Stock Drops 7%

Nio Inc. said that it will sell 75 million American Depositary Shares (ADS) of its class A category to raise funds. The news of the offering sent shares down 6.9% on Friday.Nio (NIO) intends to...