NIO Inc. Announces Proposed Secondary Listing on the Stock Exchange of Hong Kong via /r/wallstreetbets #stocks #wallstreetbets #investing


NIO Inc. Announces Proposed Secondary Listing on the Stock Exchange of Hong Kong

SHANGHAI, China, Feb. 27, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced the proposed secondary listing of its Class A ordinary shares, par value US$0.00025 per share (the “Shares”) by way of introduction on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”). The Company’s American depositary shares (the “ADSs”), each representing one Share, will continue to be primarily listed and traded on the New York Stock Exchange (the “NYSE”).

The Company has received a letter of in-principle approval to the listing application from the SEHK on February 28, 2022 (Beijing/Hong Kong Time) for the listing of the Shares on the Main Board of the SEHK. The listing document relating to the proposed secondary listing of the Shares by way of introduction on the Main Board of the SEHK has been published on the website of the SEHK on February 28, 2022 (Beijing/Hong Kong Time). Subject to final listing approval from the SEHK, the Shares are expected to commence trading on the Main Board of the SEHK on March 10, 2022 (Beijing/Hong Kong Time) under the stock code “9866”. The Shares will be traded in board lots of 10 Shares. Upon listing on the Main Board of the SEHK, the Shares listed on the Main Board of the SEHK will be fully fungible with the ADSs listed on the NYSE.

With respect to the proposed secondary listing on the Main Board of the SEHK, Morgan Stanley Asia Limited, Credit Suisse (Hong Kong) Limited and China International Capital Corporation Hong Kong Securities Limited are acting as the joint sponsors. In addition, the Company has appointed Morgan Stanley Hong Kong Securities Limited as the designated securities dealer and China International Capital Corporation Hong Kong Securities Limited as alternate designated securities dealer to carry out bridging and other trading arrangements in good faith and on arm’s length terms with a view to facilitating liquidity to meet demand for our Shares in Hong Kong and to maintain an orderly market for a period of 30 calendar days, commencing from 9:00 a.m. on March 10, 2022 (Beijing/Hong Kong Time).

This press release shall not constitute an offer to sell or the solicitation of an offer or an invitation to buy any securities of the Company, nor shall there be any offer or sale of the securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

We have arranged with our principal share registrar in the Cayman Islands and the Hong Kong Share Registrar for the removal of a portion of our Class A ordinary shares (which includes Shares underlying our ADSs) from our Cayman share register and transfer to our Hong Kong share register at no additional cost to Shareholders prior to Listing. Please refer to the section headed “Market Arrangements to Facilitate Dealings in Hong Kong” of the listing document for further details.

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Submitted February 28, 2022 at 12:50AM by its_me_cindy
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