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Stock offerings

NIO Inc. Completes US$1.16 Billion Equity Offering

Strategic Insights

— 2 min read

NIO Inc. has completed its equity offering, raising a total of US$1.16 billion through the sale of 209,090,918 Class A ordinary shares. The offering consists of an initial public sale of 160,823,190 American depositary shares (ADSs) and 20,995,000 Class A ordinary shares, as well as an additional 27,272,728 ADSs purchased by underwriters. The ADSs were sold at a public offering price of US$5.57 per share, while Class A ordinary shares were sold at an offering price of HK$43.36 per share. The company plans to use the net proceeds from the offering to invest in core technologies for smart electric vehicles, develop future technology platforms and vehicle models, expand its battery swapping and charging network, and strengthen its balance sheet.

Key Takeaways:

  • NIO Inc. has completed a US$1.16 billion equity offering, consisting of an initial public sale of 160,823,190 ADSs and 20,995,000 Class A ordinary shares, as well as an additional 27,272,728 ADSs purchased by underwriters.
  • The ADSs and Class A ordinary shares were sold at a public offering price of US$5.57 per share and HK$43.36 per share, respectively.
  • The company plans to use the net proceeds from the offering to invest in core technologies for smart electric vehicles, develop future technology platforms and vehicle models, expand its battery swapping and charging network, and strengthen its balance sheet.
  • Morgan Stanley Asia Limited, UBS Securities LLC, UBS AG Hong Kong Branch, and Deutsche Bank AG, Hong Kong Branch acted as representatives for the underwriters for the Equity Offering.
  • NIO Inc. has registered the ADSs and Class A ordinary shares under the company's Form F-3 shelf registration statement with the Securities and Exchange Commission (the "SEC"), which became effective on May 21, 2024.

Statistics:

  • US$1.16 billion: The total amount raised through the equity offering.
  • 209,090,918: The total number of Class A ordinary shares sold.
  • 160,823,190: The number of ADSs sold.
  • 20,995,000: The number of Class A ordinary shares sold.
  • 27,272,728: The number of ADSs purchased by underwriters.
  • US$5.57: The public offering price of ADSs.
  • HK$43.36: The offering price of Class A ordinary shares.
  • May 21, 2024: The effective date of the Form F-3 shelf registration statement.

Sources:

  • NIO Inc. Press Release, "NIO Inc. Announces Completion of US$1.16 Billion Equity Offering"
  • Securities and Exchange Commission (SEC) Website: http://www.sec.gov
  • The Stock Exchange of Hong Kong Limited (SEHK) Website: http://www.hkex.com.hk
  • The Singapore Exchange Securities Trading Limited (SGX-ST) Website: http://www.sgx.com

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