NIO Announces Completion of At-The-Market Offering of American Depositary Shares

(Source: NIO)

On November 21, Chinese EV maker NIO announced that it has completed its previously announced at-the-market offering of American depositary shares, each representing one Class A ordinary share of the company. Through the move, the company has sold 53,292,401 ADSs and raised gross proceeds of $2 billion, before deducting commissions paid to …