NEW YORK (Reuters) – Chinese electric vehicle start-up NIO Inc (NIO.N) priced at $6.25 per share in its initial public offering on the New York stock exchange on Tuesday, at the bottom of its targeted price range, a person familiar with the matter said.
The logo of electric car startup NIO is seen at a new NIO House “brand-experience” store, in Beijing, China November 25, 2017. REUTERS/Norihiko Shirouzu/File Photo
The IPO valued NIO at around $6.4 billion.
A representative for NIO did not immediately respond to a request for comment.
Reporting by Joshua Franklin, Editing by Rosalba O’Brien
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