News Formal

Nio's stock turns briefly positive after more than $1 billion investment from Abu Dhabi fund

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Nio's stock bounced briefly into the green Tuesday, after the China-based EV maker announced an investment of more than $1 billion by an Abu Dhabi fund.

The U.S.-listed shares of Nio Inc. bounced briefly into positive territory Tuesday, after the China-based electric vehicle maker announced an investment of more than $1 billion by an investment fund majority owned by the Abu Dhabi government.

Nio also said it was “aware” that CYVN has entered into a share purchase agreement with an affiliate of Tencent Holdings Ltd. to buy about 40.14 million shares of Nio owned by Tencent. Nio’s stock initially dipped in premarket trading following the CYVN investment announcement, as the share purchase price from the company represented a 7.2% discount to Friday’s closing price of $9.40. It then bounced to be up as much as 0.1% at an intraday high of $9.41, before pulling back into negative territory.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day.
Källa: CNBC - 🏆 12. / 72 Läs mer »