Nio shares fall after $2 billion stock offering announced

Nio NIO, +0.54% filed a prospectus with the Securities and Exchange Commission to sell up to $2 billion in American depository shares in an at-the-market offering, which seeks to price shares at the going market rate. Nio shares closed Tuesday at $40.59, suggesting Nio could seek to sell up to roughly 50 million shares depending on pricing, and said the proceeds will be used for general corporate purposes and to strengthen its balance sheet.Nio sold 68 million U.S.

and Chinese rivals Xpeng XPEV, +5.08% and Li Auto Inc. LI, +2.34%, amid a surge in interest in the sector.

I’m going to there Instagram page to laugh at the kids swearing at them for making the stock to drop lol

🐻

fk the NIO loving investors

Mario_Dias13 Mao would blush.I wonder how much longer before they invade Crimea, I mean Taiwan.

good luck

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