Chinese EV maker Nio applies for secondary listings on HKEX and SGX

Nio Inc released the flagship smart electric SUV ES8 at Shenzhen Bay Sports Centre on December 28, 2019. Source: Visuals from the company website

Chinese electric vehicle (EV) maker Nio has applied for secondary listings on the Hong Kong Exchange (HKEX) and Singapore Exchange (SGX) by way of introduction.

Contrary to typical initial public offerings (IPO) or secondary listings, companies that list by introduction in Hong Kong raise no capital and issue no new shares.

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