• 390
  • 87
  • Favorite

Nio shares fall after $2 billion stock offering announced

Tiger Newspress2021-09-08

NIO shares slipped 3.5% in extended trading after announcing at-the-market offering of American depositary shares.

NIO Inc. announced that it has filed a prospectus supplement to sell up to an aggregate of US$2,000,000,000 of its American depositary shares (“ADSs”), each representing one Class A ordinary share of the Company, through an at-the-market equity offering program (the “At-The-Market Offering”).

The ADSs will be offered through Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Goldman Sachs (Asia) L.L.C., China International Capital Corporation Hong Kong Securities Limited, Nomura Securities International, Inc. and Guotai Junan Securities (Hong Kong) Limited as sales agents. Some of the sales agents are expected to make offers and sales both inside and outside the United States through their respective selling agents.

NIO has entered into an equity distribution agreement with the sales agents relating to the At-The-Market Offering. Sales, if any, of the ADSs under the At-The-Market Offering will be made from time to time, at the Company’s discretion, by means of ordinary broker transactions on or through the New York Stock Exchange (the “NYSE”) or other markets for its ADSs, sales made to or through a market maker other than on an exchange, or otherwise in negotiated transactions, or as otherwise agreed with the sales agents. Sales may be made at market prices prevailing at the time of sale or at negotiated prices. As a result, sales prices may vary.

The Company currently plans to use the net proceeds from the At-The-Market Offering to further strengthen its balance sheet, as well as for general corporate purposes.

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.

Report

Comment87

  • Jasminephyo
    ·2021-09-09
    Ok
    Reply
    Report
  • Chooyih
    ·2021-09-09
    Like and comment
    Reply
    Report
  • KenYH
    ·2021-09-08
    Like and comment
    Reply
    Report
  • Hinhin888
    ·2021-09-08
    [Facepalm] [Facepalm] [Facepalm] What next Nio?
    Reply
    Report
    Fold Replies
    • Gackky
      wait for it to dip more
      2021-09-09
      Reply
      Report
  • glorify
    ·2021-09-08
    What is the best price to buy for NIo?
    Reply
    Report
  • Dalex1212
    ·2021-09-08
    As the placement is priced to market price, as said I doubt the share will move downwards. Post trading went as Low to $39. Now pre trading slowly moved up to $39.45 right bowl buy if the share go back to near $39
    Reply
    Report
  • PickaChew
    ·2021-09-08
    Always do opposite of what the public news insinuates...If its a positive news, telling us a probable event that is good for the company, usually its when the initial early birds have bought in and awaits public to hype in to increase the price alittle more before they dump.Similarly, when theres a negative news, the just want public to dump so they can buy without pushing the price too much, then release another positive news for public to buy back when there's lesser floating shares around, and this time, the price WILL go back up due to liquidity balance and they can dump... Rinse and repeat
    Reply
    Report
  • spj
    ·2021-09-08
    Disappointing 
    Reply
    Report
    Fold Replies
    • KenYH
      mhm
      2021-09-08
      Reply
      Report
  • Kevin28
    ·2021-09-08
    Nio continue to burn money 
    Reply
    Report
  • gtyx
    ·2021-09-08
    Buy the dip!
    Reply
    Report
  • SanWangtikup
    ·2021-09-08
    [Smug] 
    Reply
    Report
  • EuGin
    ·2021-09-08
    Like please!
    Reply
    Report
    Fold Replies
    • sunshine138
      Like 2
      2021-09-08
      Reply
      Report
    • SK118
      sad
      2021-09-08
      Reply
      Report
  • Dreamchaser9
    ·2021-09-08
    Ok
    Reply
    Report
  • ahoon
    ·2021-09-08
    Ok
    Reply
    Report
  • Snakewood
    ·2021-09-08
    Glad i sold out few days back... now wait for dip... 
    Reply
    Report
    Fold Replies
    • Snakewood
      bought back... ??
      2021-09-09
      Reply
      Report
    • Tan123
      good for you
      2021-09-08
      Reply
      Report
  • Mikalee
    ·2021-09-08
    I bought at 61 and now really sad
    Reply
    Report
  • HENRYCSC
    ·2021-09-08
    Tell me your opinion about this news...
    Reply
    Report
    Fold Replies
    • KLCC
      I want to know too!
      2021-09-08
      Reply
      Report
  • Chuah_S
    ·2021-09-08
    What!
    Reply
    Report
  • DenisL
    ·2021-09-08
    Can anyone share why is that bad?
    Reply
    Report
    Fold Replies
    • WX86
      market sees it as share dilution. In reality it's about 3% dilution. Short term bad, but long term good because will have more cash pouring in
      2021-09-08
      Reply
      Report
  • LennartM
    ·2021-09-08
    like n comment please
    Reply
    Report
    Fold Replies
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial