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Loss-making Chinese Tesla rival Nio expands new American depositary shares sale, raises USD 428 million on strong demand

Strong US and Asian investors’ demand for its first new share sale since listing in New York comes even as Nio says it will not pay dividends any time soon.

2 mins read
  • Existing investor Tencent will secure 2.8% of Nio’s ADS for about USD 10 million.

    News

    Nio to raise over USD 344 million by offering 60 million ADSs amid tight liquidity

    2 mins read

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