China: Nio hires 8 banks including Morgan Stanley, Goldman for up to $2b US IPO

China: Nio hires 8 banks including Morgan Stanley, Goldman for up to $2b US IPO

Image of Nio EP9 from the company's website

Chinese electric vehicle startup Nio has hired eight banks including Morgan Stanley and Goldman Sachs to work on a planned U.S. stock market listing this year worth up to $2 billion, people with knowledge of the matter told Reuters.

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