Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs Envisions USD1B Shr Issuance to Galvanize NIO-SW's Product Strategy
Recommend 6 Positive 9 Negative 8 |
||||
|
||||
|
NIO-SW (09866.HK) (NIO.US) announced a plan to issue USD1 billion in shares, including ADSs with an issuance price of USD5.57 per share and Class A ordinary shares with an issuance price of HKD43.36 per share, representing a discount of around 11% and 7% respectively to yesterday's (10th) closing prices. Goldman Sachs wrote in its research report that the funds raised will be used for automotive technology R&D, expanding battery swap and charging network investments, and strengthening the balance sheet. This large-scale equity financing is expected to further support NIO-SW in executing its product strategy. The broker gave NIO-SW a Neutral rating with a target price of HKD31.8 for its H-shares and USD4.1 for its US shares. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
