Reported 1 day ago
NIO Inc. experienced a significant decline of 8.92% in its stock price, closing at $5.72 per share, after announcing plans to raise $1 billion through an equity offering. The company aims to issue over 181.8 million Class A shares, with American depositary shares priced at $5.57 and ordinary shares at HK$43.36. The proceeds will be used for R&D in smart electric vehicle technology, expanding its network, and other corporate purposes.
Source: YAHOO