NIO drops 8% on equity offering plan

Underwriters for this offering include major banks like Morgan Stanley, UBS, and Deutsche Bank.

More on NIO

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• NIO: Don’t Sell The Rally Yet
• NIO Progress Remains Quite Slow
• NIO sets production targets, expands insurance partnership with Cheche Group
• SA analyst upgrades/downgrades: MSFT, AAPL, MRVL, and NIO