Chinese electric car maker Nio files for US IPO
China’s Nio, an electric vehicle (EV) maker backed by a number of private equity firms, has filed for an IPO on the New York Stock Exchange that is expected to be the largest US listing for a Chinese car company to date.
The pricing and number of shares to be offered has not been disclosed. According to a draft prospectus, the company will need to raise up to $1.8 billion to cover its operational expenses for the next...
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