In 2020, as it began the rollout of EV models, NIO’s share price began to rise, from under US$4 to top US$54 before the end of the year
During this period, the company executed a series of capital-raising exercises with three privately placed convertible notes for a total amount of US$435mn, which were later converted into ADRs, and three sizeable ADR follow-on offerings for a total amount of US$5.27 billion.
NIO wins the Best DR Mandate at The Asset Triple A Sustainable Investing Awards 2021 for Institutional Investors, ETFs and Asset Servicing Providers. For the full list of mandates and solutions of the year please go here.
For more information about the awards please click here.