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Nio Inc Class A ADR (NIO)

NYSE
Currency in USD
Disclaimer
5.570
-0.020(-0.36%)
Closed
After Hours
5.580+0.010(+0.18%)

NIO Comments

do  So what In a regulatory filing last week, NIO said that it is spending about $850 million to increase its ownership of NIO China to 90.36% from 86.4%. (What's NIO China? Last year, NIO gave up a stake of its Chinese assets in exchange for a $1 billion bailout from economic development authorities in China's Anhui province. NIO China is the legal entity that holds NIO's Chinese assets, created as part of the bailout deal.) If you were confused by that news, you weren't alone. (I wrote an explanation for you here.) Some of NIO's Chinese investors, who apparently didn't read my explanation, speculated that last week's move might have been part of the preparations for a public offering of NIO China.  In response to that speculation, China's Securities Daily reported that's not the plan. NIO is buying back part of NIO China because it's bullish on its own business, Securities Daily reported, citing an unnamed NIO senior executive. it for me and my family
But wait. Alex told us the opposite, that executives were unloading stock. He's wrong AGAIN. LMAO.
 Hey Ricardo. I ask myself now who is he hahahaha
Lol. He back in his bear hole.
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