NIO plans to issue 160 million American depositary shares at a price range of $6.25 to $8.25

According to foreign media reports, NIO submitted supplementary documents to its initial public offering prospectus to the U.S. Securities and Exchange Commission (SEC) on August 28 local time.

In its prospectus, NIO stated that it plans to issue 160 million American Depositary Shares (ADS) in its IPO, with an issue price range of US$6.25 to US$8.25. Each American Depositary Share is equivalent to one Class A common share.

Information from the US website IPO Boutique shows that NIO will officially be listed on the New York Stock Exchange on September 12.

In the supplementary document, NIO updated the production capacity and delivery of its first mass-produced car ES8. Previously, NIO stated that as of July 31, the ES8 had been delivered to 481 units.

As of the 28th, NIO ES8 delivered 900 vehicles in August. Together with the 100 vehicles delivered in June and 381 vehicles delivered in July, NIO has now delivered a total of 1,381 ES8s.

On August 13th local time, NIO officially applied to the United States for listing on the New York Stock Exchange, hoping to raise US$1.8 billion in the IPO.

According to the prospectus submitted by NIO, Li Bin holds 17.2% of the company's shares, Tencent holds 15.2%, Gaoling Capital holds 7.5%, NIO North America CEO Padmasree Warrior holds 1.4%, and CHJ Automotive founder Li Xiang holds 1.7%.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.