Shares of Chinese electric car maker Nio to start trading in Singapore from May 20

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 car startup Nio Inc. is set to debut May 20 on the Singapore stock exchange as the company seeks to expand its access to capital in the face of delisting risks in the US.

Shanghai-based Nio won approval from the Singapore exchange to list by introduction in the city state, the company said last week. The method doesn’t involve selling new shares or raising funds but allows companies to reach new investors.

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