NIO Plans Another Stock Listing. What It Means for Investors.

GENLI.ORG

The Chinese electric vehicle maker NIO on Friday announced plans for a secondary stock listing on the Singapore stock exchange. The company’s shares are listed in New York and Hong Kong, making Singapore the third venue to trade shares.

NIO stock (ticker: NIO) fell 1% in recent trading Friday. Investors might fear a dilutive stock issue, but it isn’t clear that NIO plans to issue fresh shares. The secondary listing, in fact, might actually help U.S. shareholders. The company didn’t immediately respond to a request for comment…

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