Chinese EV Maker Nio Pursues Hong Kong, Singapore Secondary Listing

Reuters2022-02-28

SYDNEY, Feb 28 (Reuters) - Chinese electric vehicle $(EV)$ maker Nio Inc will carry out a secondary listing in Hong Kong by way of introduction, according to stock exchange filings on Monday.

The New York-listed firm said it had received preliminary approval from the Hong Kong Stock Exchange to trade its shares in the city.

It has also applied for a secondary listing on the main board of Singapore Exchange and said the application was being reviewed by the bourse.

Nio said the Class A shares are due to start trading on March 10 under the code 9866 once it receives final approval from the stock exchange. Its primary listing will remain in New York, the company said.

Unlike a typical initial public offering $(IPO)$ or secondary listing, companies listing stock by introduction in Hong Kong raise no capital and issue no new shares.

The mechanism was popular among companies in the past looking to build a brand in Hong Kong and the rest of Greater China.

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.

Comments

爱喝水的小猫猫
2022-03-01
爱喝水的小猫猫
Wow also in Singapore?
SEL
2022-03-01
SEL
Great news! The US government has lesser control of this stock now.....
Kujo
2022-03-01
Kujo
Pls Like n comment (if any)
Aoyjai
2022-02-28
Aoyjai
Have political backing from state, how to list in Singapore?
Dennyeo
2022-02-28
Dennyeo
Ok

Leave a comment

118

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2214130549?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-02-28 10:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2214130549","market":"hk","top_or_hot":-1,"title":"Chinese EV Maker Nio Pursues Hong Kong, Singapore Secondary Listing","media":"Reuters","content":"<html><head></head><body><p>SYDNEY, Feb 28 (Reuters) - Chinese electric vehicle <a href=\"https://laohu8.com/S/EV\">$(EV)$</a> maker Nio Inc    will carry out a secondary listing in Hong Kong by way of introduction, according to stock exchange filings on Monday.</p><p>The New York-listed firm said it had received preliminary approval from the Hong Kong Stock Exchange to trade its shares in the city.</p><p>It has also applied for a secondary listing on the main board of Singapore Exchange and said the application was being reviewed by the bourse.</p><p>Nio said the Class A shares are due to start trading on March 10 under the code 9866 once it receives final approval from the stock exchange. Its primary listing will remain in New York, the company said.</p><p>Unlike a typical initial public offering <a href=\"https://laohu8.com/S/IPO\">$(IPO)$</a> or secondary listing, companies listing stock by introduction in Hong Kong raise no capital and issue no new shares.</p><p>The mechanism was popular among companies in the past looking to build a brand in Hong Kong and the rest of Greater China.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese EV Maker Nio Pursues Hong Kong, Singapore Secondary Listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese EV Maker Nio Pursues Hong Kong, Singapore Secondary Listing\n</h2>\n\n<h4 class=\"meta\">\n\n2022-02-28 10:05 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SYDNEY, Feb 28 (Reuters) - Chinese electric vehicle $(EV)$ maker Nio Inc    will carry out a secondary listing in Hong Kong by way of introduction, according to stock exchange filings on Monday.The ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"2214130549","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2214130549","pubTimestamp":1646013931,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"SYDNEY, Feb 28 (Reuters) - Chinese electric vehicle $(EV)$ maker Nio Inc    will carry out a seconda","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"中国电动汽车制造商蔚来寻求港新二次上市","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"SYDNEY, Feb 28 (Reuters) - Chinese electric vehicle $(EV)$ maker Nio Inc    will carry out a secondary listing in Hong Kong by way of introduction, according to stock exchange filings on Monday.The New York-listed firm said it had received preliminary approval from the Hong Kong Stock Exchange to trade its shares in the city.It has also applied for a secondary listing on the main board of Singapore Exchange and said the application was being reviewed by the bourse.Nio said the Class A shares are due to start trading on March 10 under the code 9866 once it receives final approval from the stock exchange. Its primary listing will remain in New York, the company said.Unlike a typical initial public offering $(IPO)$ or secondary listing, companies listing stock by introduction in Hong Kong raise no capital and issue no new shares.The mechanism was popular among companies in the past looking to build a brand in Hong Kong and the rest of Greater China.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9039566256,"gmtCreate":1646089398642,"gmtModify":1676534088782,"author":{"id":"3570566515210361","authorId":"3570566515210361","name":"爱喝水的小猫猫","avatar":"https://community-static.tradeup.com/news/e7ef4b0c19dbcbfb2e524fcc32c97dbf","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":7,"crmLevelSwitch":1},"htmlText":"Wow also in Singapore?","listText":"Wow also in Singapore?","text":"Wow also in Singapore?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039566256","repostId":2214130549,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9039589969,"gmtCreate":1646087248184,"gmtModify":1676534088432,"author":{"id":"4102141909537440","authorId":"4102141909537440","name":"SEL","avatar":"https://static.tigerbbs.com/6a8404530a8a5aa11bc9ea7853e8c943","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Great news! The US government has lesser control of this stock now.....","listText":"Great news! The US government has lesser control of this stock now.....","text":"Great news! The US government has lesser control of this stock now.....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039589969","repostId":2214130549,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9039597232,"gmtCreate":1646075537854,"gmtModify":1676534087627,"author":{"id":"3582939899307000","authorId":"3582939899307000","name":"Kujo","avatar":"https://static.tigerbbs.com/19d525f4518a1bee1bc74e7b3e1db392","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Pls Like n comment (if any)","listText":"Pls Like n comment (if any)","text":"Pls Like n comment (if any)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039597232","repostId":2214130549,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9039612300,"gmtCreate":1646017436213,"gmtModify":1676534082712,"author":{"id":"3578371382142637","authorId":"3578371382142637","name":"Aoyjai","avatar":"https://static.tigerbbs.com/9dcf5c34602d2433f3133ca6c6fece6a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Have political backing from state, how to list in Singapore?","listText":"Have political backing from state, how to list in Singapore?","text":"Have political backing from state, how to list in Singapore?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039612300","repostId":2214130549,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9039618663,"gmtCreate":1646017058377,"gmtModify":1676534082688,"author":{"id":"3582021832486442","authorId":"3582021832486442","name":"Dennyeo","avatar":"https://static.tigerbbs.com/25b7d84fd64f134409a4350c85c88965","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039618663","repostId":2214130549,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":118,"commentSize":26,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2214130549"}