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News, Analysis & Perspective on Autonomous Vehicles

Nioissues shares to buy some stakes, fund driverless-car R&D

Shares of Nio  (NIO) – Get Report fell on Friday after the electric-car maker unveiled an offering of 75 million Class A American depositary shares.

The underwriters, Morgan Stanley, China International Capital and Bank of America, also have a 30-day option on 11.25 million more ADSs. Each ADS represents one Nio Class A ordinary share.





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