Nio is offering more than 181.8 million shares priced at US$5.57 per American depositary shares, or ADS, as well as HK$43.36 per Class A ordinary share.
China-based electric vehicle maker Nio is aiming to raise US$1 billion so as to fund R&D, develop future technology platforms and vehicle models.
The company, listed on the exchanges of New York, Hong Kong and Singapore, plans to expand its battery swapping and charging network and strengthen its balance sheet too.
