Category: World

Nio Completes $428M ADS Offering, Stock Now Up 70% YTD

Nio Completes $428M ADS Offering, Stock Now Up 70% YTD

China’s electric-vehicle maker Nio Inc (NIO) has announced the completion of the offering of 72 million American depositary shares (ADS) at $ 5.95 per ADS, raising $ 428.4 million.The company has also granted the underwriters...