Nio launches IPO, shares to start trading mid-September

Nio Formula E race car, EP9, ES8 and Eve concept carChinese electric car startup Nio on Tuesday launched an initial public offering, with its filing revealing the company intends to sell 160 million shares priced between $6.25 and $8.25. Hitting a share price in the upper range would raise $1.3 billion for the company's coffers and see it valued at more than $8 billion. It would make the listing...

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