Nio, dubbed "China's Tesla", had filed its preliminary prospectus for a Hong Kong listing last year, but the listing was reportedly delayed. If Nio had gone ahead with a Hong Kong listing, it would be a similar arrangement as two other China-based EV makers: Xpeng and Li Auto. Both of whom listed in the US first, before launching a dual-primary listing in Hong Kong.
A leading China-based EV maker, Nio, already listed on the New York Stock Exchange since 2018, is exploring a listing on the Singapore Exchange as well, according to the International Financing Review.
A meeting to kick-off the potential listing, involving the various market professionals, was held recently. According to IFR, assuming Nio is selling 5% of its shares, would raise around US$1.9 billion, based on its market cap of around US$37.8 billion as of Jan 26.
