UPDATE 1-Chinese EV maker Nio expects to raise $1.32 bln in IPO
27 Aug UPDATE 1-Chinese EV maker Nio expects to raise $1.32 bln in IPO
Posted at 18:07h
in
News
by KMFSLLP
Chinese electric vehicle start-up Nio Inc
, backed by Chinese tech heavyweight Tencent Holdings Ltd
, on Tuesday said it expects to raise up to $1.32
billion in its initial public offering.
![](http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/kh8iV8IovPA)
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