NIO Inc. Announces Pricing of US$1 Billion Equity Offering
1. NIO raises $1 billion from an equity offering of Class A shares. 2. ADSs priced at $5.57, ordinary shares at HK$43.36. 3. Funds will boost R&D and expand NIO's charging network. 4. Underwriters have option for additional shares, enhancing flexibility. 5. Equity offering aims to strengthen NIO's balance sheet.