NIO (HKG:9866, SGX:NIO) has completed the placement of 136.8 million class A ordinary shares at HK$29.46 apiece to raise HK$4.03 billion, a Monday filing with the Hong Kong bourse said.
The shares have been sold to non-US persons in offshore transactions.
The automaker first announced its plans regarding the placement in March.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.