By Dhirendra Tripathi
Investing.com – Nio ADRs (NYSE:NIO) traded 3% weaker in Wednesday’s premarket in response to the Chinese electric vehicle maker’s plans to sell up to $2 billion in new American depositary shares to fund its expansion.
The deal will represent an increase of around 3% in the company’s share count.
Each ADS, each representing one Class A ordinary share of the company, will be issued through an at-the-market offering program.
The ADSs will be offered through Credit Suisse…
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