• Chinese electric vehicle maker Nio makes bumpy start following $1B IPO

    2 monthes ago - By TechCrunch

    Nio, the Tesla -wannabe electric vehicle firm from China, enjoyed a mix start to life as a public company after it raised $1 billion through a listing on the New York Stock Exchange on Wednesday.
    The firm went public at $6.26 - just one cent above the bottom of its pricing range - meaning that it raised a little over $1 billion. That's some way down on its original goal of $1.8 billion, per an initial filing in August , and for a while it looked like even that price was optimistic. Early trading saw Nio's stock fall as low as $5.84 before a wave of optimism took it to $6.81.
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