$NIO Inc.(NIO)$$NIO-SW(09866)$Nio receives eligibility to list from SGX for secondary listing[Observation] [Observation]
China-based electric car maker Nio has on May 5 received its eligibility to list from the Singapore Exchange for a secondary listing.
An introductory document relating to the proposed secondary listing by way of introduction is slated to be issued by end of this month.
Upon listing on the SGX, the shares will be fully fungible with the ADSs listed on the NYSE, where it is already listed.
Nio, which positions itself as a “premium” EV maker, has also been listed in Hong Kong since March.
The company, founded in 2014, was joining two other China-based electric car makers Xpeng and Li Auto which are similarly listed in the US first, but have joined the “homecoming” wave to Hong Kong amid persistent tensions between US and 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.
Wow good news👍
Good news for Ev car[Strong]