Nio Slips Premarket on News of $2 Billion Secondary Offering
- Date: 08-Sep-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Nio Slips Premarket on News of $2 Billion Secondary Offering
By Dhirendra Tripathi
Investing.com – Nio ADRs (NYSE:NIO) traded 3% weaker in Wednesday’s premarket in response to the Chinese electric vehicle maker’s plans to sell up to $2 billion in new American depositary shares to fund its expansion.