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

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

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  • The startup, valued at USD 400 million last year, submitted the documents to the SEC in secret, according to sources.

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    Exclusive | Chinese Tesla challenger Xpeng to file for US IPO seeking USD 500 million [Update]

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