Nio shares fall after company announces offering of 75 million shares

U.S.-listed shares of Nio Inc. NIO, -3.94%, a Chinese manufacturer of autonomous vehicles, are off more than 4% in Friday trading after the company announced an offering of 75 million American depositary shares. The company's announcement, which came late Thursday, said that Nio would grant the underwriters of this offering a 30-day option to purchase up to 11.

25 million additional American depositary shares. Nio intends to use the proceeds from the offering"mainly to increase the share capital of and the company's ownership in Nio China," as well as to repurchase equity interests held by some minority shareholders of the Nio China business and conduct research research into autonomous-driving technology. Nio's shares have rallied nearly 400% in the past three months as the S&P 500 SPX, +0.30% has added 15%.

Big Deal!!!! Still up huge for the last couple of months!!! And it’s up from the low today!!!!

bravofly_fr Bravofly_NO lastminute_com lastminute_au Can someone tell me is Bravofly website scammer, are they selling fake flight tickets. I bought two ticket but no way to reach tru phone nor e-mail. I m worried now.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Urban Outfitters Rebounds on Strength of Digital BusinessCompany shares shot up more than 15 percent after the retailer announced a $34 million quarterly profit driven by its growing e-commerce businesses.
แหล่ง: wwd - 🏆 24. / 68 อ่านเพิ่มเติม »