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Benzinga
Benzinga
Business
Adam Eckert

Nio Stock Is Rising Wednesday: What's Driving The Momentum?

NIO, Inc

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.

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