Chinese EV startup Nio files for $1.8 billion IPO

Chinese EV startup Nio files for $1.8 billion IPO

6 years ago
Anonymous $oIHRkISgaL

https://www.cnet.com/roadshow/news/nio-ev-startup-ipo-filing/

Nio doesn't even have a car for sale in the United States yet, and it might never, but it's aiming to be publicly traded on our stock market.

The Chinese startup that builds electric vehicles has filed for an initial public offering on the New York Stock Exchange using the symbol NIO. Founded in 2014 as NextEV, Nio wants to break into China's burgeoning electric-vehicle market with a series of premium-tier cars. Tencent, a massive Chinese tech company, provides Nio's backing.