
NIO Inc (NYSE:NIO) shares are trading higher and trending. The company on Wednesday announced the completion of a $1.16 billion equity offering. Here’s what you need to know.
What To Know: Nio on Wednesday said it completed a $1.16 billion equity offering, selling American depositary shares at a public offering price of $5.57. The company also noted that the underwriters exercised their full option to purchase additional shares in the offering.