NIO share falls: placement of new stocks completed

• NIO successfully concludes capital measure
• Fresh money for growth and balance sheet strengthening
• NIO share with losses

As the e-car maker Nio announced on Monday by press release, the company has completed the previously announced stock placement worth around 4.03 billion Hong Kong dollars (about $ 516 million). As part of the capital measure, a total of 136.8 million ordinary shares in class A were issued at a price of $ 29.46 each share. The offer was aimed exclusively on investors outside the United States and the placement stocks “may be in the United States […] neither offered nor sold, “says the company announcement. The NIO ADR listed on the US stock exchange NYSE in Monday trading still gave by 3.03 percent to $ 3.335.

Fresh money for strategic growth

The transaction was accompanied by a consortium of international investment banks, including Asian branches by Morgan Stanley, Deutsche Bank and UBS. With the money earned, the capital base of NIO is to be strengthened and the strategic growth plans in the global market for intelligent electric vehicles are to be supported.

Losses of the NIO share also because of persistent customs quake

However, the losses on the NIO share posted on Monday should not only be attributed to the completed capital measure, but also the generally poor mood on the stock exchanges worldwide. So the intensifying trade war forces the courses worldwide on Monday. Shares from China particularly suffer because investors, due to the high US tariffs against goods from the Middle Kingdom and the counter tariffs imposed by Beijing, reduce their engagement in China titles.

Editor finance.net

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