Nio to raise US$1 billion selling ADS at US$5.57 and Class A shares at HK$43.36

Nio is offering more than 181.8 million shares priced at US$5.57 per American depositary shares, or ADS, as well as HK$43.36 per Class A ordinary share.

There is no Singdollar-denominated issue.

Nio has given the underwriters of this offering a 30-day option to purchase up to an additional 27.3 million ADSs, which, if exercised, will be settled solely in ADSs.

This issue is managed by Morgan Stanley Asia, UBS Securities, UBS Hong Kong and Deutsche Bank, Hong Kong Branch.

See also: MetaOptics seeks to raise $4.9 mil through 6.7 mil share placement at 72.55 cents per share

Nio's SGX quoted shares closed at US$6.03 on Sept 10, down 1.47% for the day but up 35.2% year to date.