Nio, a Chinese electric car-maker listed on the New York Stock Exchange (NYSE), is said to be exploring a listing on the Singapore Exchange (SGX) instead of an earlier plan of floating shares in Hong Kong amid uncertainties over local regulatory scrutiny.
Nio recently held a meeting to discuss the potential of a secondary listing in Singapore, according to International Financing Review (IFR), Refinitiv’s capital markets news service, citing sources. One source said that Nio did not completely scrap the listing plan in Hong Kong and would continue discussions with the local regulators.
