NIO To Double Its Value In First Days Of U.S. Trading
Bad timing affected NIO from raising more money.
“In an interview Wednesday, NIO Chief Financial Officer Louis Hsieh attributed the low initial price to bad timing, saying losses in Asian markets had made domestic investors “too jittery.””
Right after the trading began, stock value went up from $6.26 and now within 48 hours is around twice higher at a level of over $12 per share!
In the future, NIO would like to sell cars also in Europe and the U.S., but it will probably be second-generation models on new platform.
— Padmasree (@Padmasree) September 12, 2018
— NIO (@NIOGlobal) September 12, 2018