SOVEREIGN WEALTH: NIO Files to go Public

Posted on 08/14/2018


Shanghai-based NIO Inc. is a Chinese company that manufactures electric cars. NIO filed papers to go public on the New York Stock Exchange, as Tesla seeks to go private. NIO seeks to raise as much as US$ 1.8 billion in its initial public offering (IPO). Like Tesla, NIO has charging systems for homes. NIO entered […]