Electric vehicle maker Nio will commence trading on the Singapore Exchange on Friday, May 20.
The China-based company, which is already listed in New York and since March, in Hong Kong, had on May 5 received its go-ahead for a secondary listing in Singapore from the SGX.
Nio’s shares will be quoted here by means of introduction and no new capital is being raised.
Nio is one of the China-based companies that have been “provisionally identified” under a 2020 US law Holding Foreign Companies Accountable Act.
Nio shares quoted in the US last traded at US$16.63, up 14.3% for the day, but down 50.31% year to date.
Nio shares in Hong Kong as at 10.23am was trading at HK$130, versus its HK$160 debut two months ago.
