NIO’s Shares Fall on Plans to Raise $1 Billion via Convertible Bonds

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https://www.wsj.com/finance/stocks/nios-shares-fall-on-plans-to-raise-1-billion-via-convertible-bonds-4b3f2d10

Sept. 19, 2023 11:30 pm ET

FILE PHOTO: The logo of NIO seen on an ET7 car model is pictured at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany Aug. 17, 2023. REUTERS/Annegret Hilse/File Photo Photo: ANNEGRET HILSE/REUTERS

NIO’s Hong Kong shares fell in early Asia trading on Wednesday, following an overnight drop in U.S.-listed depository shares after the Chinese electric-vehicle maker said it would raise US$1 billion via an issuance of convertible bonds.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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