Caixin
Feb 28, 2022 07:20 PM
BUSINESS

Chinese EV-Maker Nio to Trade Shares in Hong Kong

A Nio showroom in Shanghai on Dec. 27, 2021. Photo: VCG
A Nio showroom in Shanghai on Dec. 27, 2021. Photo: VCG

Chinese electric-vehicle (EV) maker Nio Inc. has obtained pre-approval for its secondary listing on the Hong Kong Stock Exchange, where its shares are set to start trading on March 10 under the ticker “9866,” according to a statement released on Monday.

Nio has chosen to list by introduction — a way for listed firms with good compliance to trade their existing shares on another bourse. This means the New York-listed firm will not sell any fresh shares or raise any money from the move, the company said in a separate exchange filing to the Hong Kong bourse. Morgan Stanley, Credit Suisse AG, and CICC Capital are its joint sponsors.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST