$NIO Inc (NIO.US)$ i guess the "private placement" means ret...
$NIO Inc(NIO.US$ i guess the "private placement" means retail investors like us are not going to know how many new shares they issued and at what price? Is this info published anywhere?
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b34r OP : 2.2billion USD is about 15% of the current market cap, and i'm assuming AbuDhabi paid below market rate. So everyone else is diluted about 20%?
101677468 b34r OP : Meaning price will make a drastic drop?
71529569 : think they just buy at the market！
Solodragon : Shanghai, China, December 18, 2023 – (GLOBE NEWSWIRE) – NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has entered into a share subscription agreement with CYVN Holdings L.L.C (“CYVN Holdings”), through its affiliate CYVN Investments RSC Ltd (the “Investor” or “CYVN”), an investment vehicle based in Abu Dhabi, pursuant to which CYVN will invest an aggregate of US$2.2 billion in cash to subscribe for 294,000,000 newly issued Class A ordinary shares of the Company at a per share purchase price of US$7.50 (the “December Investment Transaction”).
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Solodragon : $7.50 per share … 294million shares total… it’s under the announcement
b34r OP : Thx. They bought at 294 million shares $7.50.
b34r OP : Makes the current price surge more puzzling.
Chomel : NIO cash flow turn up will enable growth potential which could be very positive in near terms.
bullshyt : you don't read news?
Solodragon : Take note of the keyword… “newly issued” after the 294,000,000 shares…
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