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Nio today announced the completion of the offering of 136,800,000 class A ordinary shares at an offering price of HK$29.46 per share for a total of HK$4.03 billion.
Nio today announced the completion of the offering of 136,800,000 class A ordinary shares at an offering price of HK$29.46 per share for a total of HK$4.03 billion.
Nio (NYSE: NIO) today announced the completion of the offering of 136,800,000 class A ordinary shares at an offering price of HK$29.46 per share for a total of HK$4.03 billion.
The electric vehicle (EV) maker announced on March 27 that it would issue up to 118,793,300 shares of Class A ordinary share to non-US persons in offshore transactions outside the United States.
Hours later, Nio said in an updated announcement that it planned to issue an expanded 136,800,000 shares of class A ordinary shares.
The issue price of those new shares was set at HK$29.46 per share, a 9.49 percent discount to its closing price of HK$32.55 in Hong Kong on March 27.
The enlarged offering amounted to HK$4.03 billion, according to the company's announcement at the time.
Nio was expected to complete the placement around April 7, subject to customary closing conditions, the announcement said.
Nio closed down 14.78 percent to HK$24.50 on the Hong Kong stock market today, as the latest US tariff measures against trading partners hit global markets hard.
Below is its statement, as the CnEVPost article is being updated.
NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced the completion of its HK$4,030.13 million offering of 136,800,000 class A ordinary shares of the Company (the “Placement Shares”), at an offering price of HK$29.46 per Placement Share (the “Equity Placement”).
The Placement Shares have been sold to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).
Morgan Stanley Asia Limited, UBS AG Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited and Deutsche Bank AG, Hong Kong Branch acted as the placing agents for the Equity Placement.
The Placement Shares have not been and will not be registered under the Securities Act or any state securities laws or be registered in Hong Kong or elsewhere.
They may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, in the United States, Hong Kong, Singapore or elsewhere, and shall not constitute an offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
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