Nio Slips Premarket on News of $2 Billion Secondary Offering By Investing.com – Investing.com
- Date: 08-Sep-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Nio Slips Premarket on News of $2 Billion Secondary Offering By Investing.com – Investing.com
By Dhirendra Tripathi
Investing.com – Nio ADRs (NYSE:) 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.
The deal will represent an increase of around 3% in the company's share count.
Select Sector 
Select Country 
