NIO ES6 electric SUV on display near Chinese carmaker NIO Inc.'s office in Silicon Valley. Photo: Shutterstock.com. Skadden, Latham and Han Kun Advise on Chinese Electric Car Maker's Increased NYSE Offering
In 2018, NIO Inc., a Tesla rival, became the first Chinese electric vehicle maker to list on the New York Stock Exchange, raising $1.8 billion.
September 01, 2020 at 01:04 PM
2 minute read
The original version of this story was published on Law.com International
Skadden, Arps, Slate, Meagher & Flom, Han Kun Law Offices and Maples & Calder have advised Chinese smart electric vehicle maker NIO Inc. as it upsized its U.S. share offering to $1.5 billion, while Latham & Watkins advised the underwriters.
The Shanghai-based electric car maker, which announced an offering of 75 million American depository shares last month, issued an additional 88.5 million ADS shares, with each one representing one Class A ordinary share at a price of $17 per ADS.
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