NIO Seeks Secondary Record in Hong Kong

Chinese language electrical car maker NIO Inc. filed a record to the Hong Kong Inventory Trade (HKEx) on Monday, expressing plans to record on its Primary Board by means of creation. Morgan Stanley, Credit score Suisse and CICC are appearing as joint sponsors of the proposed transfer. In line with the prospectus, William Li, Founder, Chairman and CEO of NIO, holds 10.6% of the stocks, whilst Tencent holds 9.8%.

In line with the HKEx, record by means of creation supplies corporations with stocks traded on different inventory exchanges a trail to record in Hong Kong, both thru a twin number one or secondary record, with out elevating price range. This type of record is acceptable for candidates who have already got a extensive shareholder base and don’t need to incur further record charges for elevating price range.

NIO introduced that it has carried out for the secondary record of Magnificence A unusual stocks at the HKEx in keeping with native regulations, and won’t factor or dispose stocks in reference to this record.

Magnificence A unusual stocks of NIO are anticipated to be traded at the Hong Kong Inventory Trade from March 10, 2022, with the inventory code 9866. They’re going to be traded in devices of 10 Magnificence A unusual stocks each and every, and transactions might be performed in Hong Kong greenbacks.

Because it indexed at the U.S. inventory marketplace in 2018, NIO has evolved often. Previously, it has 384 gross sales retail outlets and over 200 after-sales provider facilities all over the world. It has constructed over 800 battery swapping stations and greater than 7,400 charging piles.

In 2021, the company delivered 91,429 new vehicles, up 109.1% year-on-year. As of January 31, 2022, it has delivered 176,722 sensible electrical automobiles. In 2022, it is going to free up 3 new fashions in line with the NT2.0 self sufficient using era platform.

SEE ALSO: EV Logo NIO Responds to Rumors It Will Input Smartphone Trade

As well as, in July and August, 2021, NIO’s home competition XPeng Motors and Li Auto proposed their very own secondary listings at the HKEx, indicating that the 3 new power car companies would possibly quickly in finding themselves amassed in the similar buying and selling venue.