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Chinese EV Maker Nio Rises in Singapore Trading Debut

  • Automaker is already listed in Hong Kong and New York
  • Nio opted for a mechanism that doesn’t involve raising funds
A Nio Inc. showroom in Beijing.

A Nio Inc. showroom in Beijing.

Photographer: Qilai Shen/Bloomberg
Updated on

Chinese electric carmaker Nio Inc. debuted in the Singapore Exchange Ltd. without raising funds, giving investors a third venue to trade its shares after New York and Hong Kong.

The stock ended at $17.30 on Friday, after starting the session at $16.90. Nio opted for a listing by way of introduction, meaning it didn’t go through a traditional initial public offering process and didn’t raise proceeds. The Singapore secondary shares are fully fungible with the American ones listed on the New York Stock Exchange.