• Chinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5B

    11 days ago - By Tech Crunch

    The U.S. IPO window may be wide open for Chinese tech firms, but electric vehicle maker Nio has conservatively cut the target for its NYSE listing to $1.5 billion after it released a price range for its shares.
    The company plans to sell 184 million shares between $6.25-$8.25. That range would yield a total raise of $1.518 billion, which is down from the initial target of $1.8 billion from the firm's first filing in August. The range is, of course, subject to change and it doesn't include income from the green shoe option - which allows underwriters to take an additional allocation of...
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  • In Tesla's shadow, China's NIO prices IPO at low end of target: source

    In Tesla's shadow, China's NIO prices IPO at low end of target: source

    11 days ago - By Reuters

    Chinese electric vehicle start-up NIO Inc priced at the bottom of its targeted price range in its U.S. initial public offering on Tuesday, a person familiar with the matter said, dragged down by investor concerns about the prospects of chief competitor Tesla Inc .
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  • Chinese automaker NIO's IPO prices at $6.25 per share: source

    11 days ago - By Reuters

    Chinese electric vehicle start-up NIO Inc priced at $6.25 per share in its initial public offering on the New York stock exchange on Tuesday, at the bottom of its targeted price range, a person familiar with the matter said.
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