Wednesday, September 12, 2018

Power Drain: Tesla Rival NIO Raises $1 Billion in Underwhelming IPO

Chinese electric-vehicle maker NIO priced its U.S. initial public offering near the bottom of its indicative price range, placing a $6.42 billion valuation on the Shanghai-based company that has billed itself as an emerging rival to Tesla.

from WSJ.com: US Business https://ift.tt/2x9hd0C
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