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$NIO Inc (NIO.US)$
NIO announced today that it has completed its previously announced market offering (“Market Offer”) of American Depositary Shares (“ADS”), with each American Depositary Share representing one share of the Company's Class A common stock. Through market-price sales, the Company has sold 53,292,401 shares of American Depositary Receipts and raised total revenue of $2 billion, net of approximately $26 million in commissions paid to distribution agents and certain issuance fees. The Company currently plans to use the net proceeds from market-price sales to further strengthen its balance sheet and for general corporate purposes.
NIO announced today that it has completed its previously announced market offering (“Market Offer”) of American Depositary Shares (“ADS”), with each American Depositary Share representing one share of the Company's Class A common stock. Through market-price sales, the Company has sold 53,292,401 shares of American Depositary Receipts and raised total revenue of $2 billion, net of approximately $26 million in commissions paid to distribution agents and certain issuance fees. The Company currently plans to use the net proceeds from market-price sales to further strengthen its balance sheet and for general corporate purposes.
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