Search
On March 27, NIO (NIO.N) unveiled plans to raise HK$3.5 billion (approximately US$450 million) through a share placement. The company intends to issue no more than 118.79 million Class A ordinary shares, priced at HK$29.46 each, which will account for approximately 5.4% of its enlarged share capital. This pricing represents a 9.5% discount from the closing price on Thursday, with a 90-day lock-up period in place. The funds raised will be allocated towards research and development of smart electric vehicle technology and new products, enhancing the company's balance sheet, and general corporate purposes. Morgan Stanley and UBS are acting as the lead underwriters for this transaction. On Thursday, NIO's Hong Kong-listed shares closed down 5.1%, marking a cumulative decline of 6.5% year-to-date, and fell by over 6% in pre-market trading in the US.
-
C114 Communication Network -
Communication Home
