Nio announces proposed offering of US$1 Billion convertible senior notes
Nio announced proposed offering of USD1 Billion convertible senior notes. $NIO-SW(09866.HK$ fell 5%.
This means more funds for Nio.
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JuzMe : Also mean Nio is low on cash?
bullrider_21 OP JuzMe : Not that low. They have some cash on hand. But making EVs is a cash burning business.
cash cow 888 bullrider_21 OP : R&D process requires a lot of cash, plus they are making themselves more self sustainable instead of relying on US chip companies.
ZnWC JuzMe : Nio’s planned $1 billion convertible offering follows stretch of swelling losses
https://www.moomoo.com/community/feed/111089509138438?global_content=%7B%22invite%22%3A%22101709443%22%2C%22promote_content%22%3A%22mm%3Afeed%3A111089509138438%22%7D&data_ticket=212ca245a589f1e400fb2e247953bc77&futusource=nnq_personal_host&content_type=feeddetail
ZnWC JuzMe : NIO: Quarterly Loss of 6 Billion?
https://www.moomoo.com/community/feed/111088640656566?global_content=%7B%22invite%22%3A%22101709443%22%2C%22promote_content%22%3A%22mm%3Afeed%3A111088640656566%22%7D&data_ticket=212ca245a589f1e400fb2e247953bc77&futusource=nnq_personal_host
bullrider_21 OP ZnWC : 6 billion yuan. Not USD6 billion.
Dream Weaver : what a shame. its a scam, just like many Chinese stocks.
bullrider_21 OP Dream Weaver : US stocks are a scam. If analysts want the stock to rise, they raise the target price. If they want the stock to fall, they reduce the tp. Lots of manipulation there.
Dream Weaver : yep agree. whole mkt is a scamming game esp the low-priced stocks. just need to DYODD carefully. And stocks too good to be true e.g. Vinfast, dont jump in so soon.. haha