Caixin
May 12, 2022 04:47 AM
BUSINESS

Electric Car Upstart Nio to Kick off Trading in Singapore May 20

Singapore will be the third venue trading Nio’s shares, after New York and Hong Kong.
Singapore will be the third venue trading Nio’s shares, after New York and Hong Kong.

Chinese electric car startup Nio Inc. is set to debut May 20 on the Singapore stock exchange as the company seeks to expand its access to capital in the face of delisting risks in the U.S.

Shanghai-based Nio won approval from the Singapore exchange to list by introduction in the city state, the company said last week. The method doesn’t involve selling new shares or raising funds but allows companies to reach new investors.

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