Chinese EV-Maker Nio Debuts in Hong Kong Homecoming Listing

(Bloomberg) — Shares of Nio Inc. began trading in Hong Kong on Thursday after the Chinese electric-car maker chose a listing path that doesn’t involve selling new shares or raising funds.

The stock traded at HK$162 as of 11:52 a.m. in Hong Kong after opening at HK$160. That compares to a closing price of $20.17 (HK$157.72) for its American depository receipts on Wednesday. The New York-listed shared have lost about 36% so far this year.