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    NIO   US62914V1061

NIO INC.

(NIO)
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Real-time Estimate Cboe BZX  -  02:45 2022-07-05 pm EDT
21.94 USD   +2.69%
07/04NIO's Q2 Deliveries Beat Estimate as June Sales Surge 60%
MT
07/01Chinese Electric-Vehicle Makers Report Sharp Delivery Gains as Production Recovers From COVID-19 Lockdowns
MT
07/01Nomura Adjusts Nio Price Target to $25.80 From $51.50, Maintains Buy Rating
MT
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NIO Inc. Class-A Shares Rise on Singapore Debut

05/19/2022 | 07:43pm EDT

By P.R. Venkat


Chinese electric-car maker NIO Inc.'s shares surged in their debut on the Singapore Exchange on Friday, a listing that comes amid a volatile period for global equities.

Class-A shares in Singapore rose as much as 22% to US$20.29 compared with the closing price of US$16.66 for American Depository Shares quoted on the New York Stock Exchange on Thursday.

The Class-A shares are fully fungible with the NYSE-listed ADSs.

NIO had announced plans for a secondary listing on the Singapore Exchange in early May, a move to expand its investor base in one of Asia's financial centers.

Like many other shares in the U.S., shares of NIO have been severely hit in recent trading sessions. NIO and other Chinese companies have been identified by the U.S. Securities and Exchange Commission as not being able to meet a regulatory requirement relating to auditors.

The SEC has identified these companies under the Holding Foreign Companies Accountable Act, which requires companies to have auditors who can be inspected by the U.S. Public Company Accounting Oversight Board.

U.S. regulators could prohibit trading in securities of companies whose auditors can't be inspected by the PCAOB for three years in a row.

The EV maker had said earlier that it continues to comply with applicable laws and regulations in both China and the U.S., and will strive to maintain its listing on both the NYSE and the Hong Kong Stock Exchange.

Shares of NIO are down 47% year-to-date on the NYSE. On the SGX, NIO shares were last quoted at US$20.10 a share.


Write to P.R. Venkat at venkat.pr@wsj.com


(END) Dow Jones Newswires

05-19-22 2143ET

Stocks mentioned in the article
ChangeLast1st jan.
MSCI SINGAPORE (GDTR) 0.80% 5324.81 Real-time Quote.-15.85%
NIO INC. 2.50% 21.885 Delayed Quote.-32.58%
All news about NIO INC.
07/04NIO's Q2 Deliveries Beat Estimate as June Sales Surge 60%
MT
07/01Chinese Electric-Vehicle Makers Report Sharp Delivery Gains as Production Recovers From..
MT
07/01Nomura Adjusts Nio Price Target to $25.80 From $51.50, Maintains Buy Rating
MT
07/01NIO : Provides June and Second Quarter 2022 Delivery Update - Form 6-K
PU
07/01Nio Reports 60% Increase in June Deliveries
MT
07/01NIO Inc. Provides June and Second Quarter 2022 Delivery Update
AQ
07/01NIO Inc. Reports Delivery Results for the Month of June and Second Quarter 2022
CI
06/30HSBC Adjusts Nio's Price Target to $28 from $26, Keeps Buy Rating
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06/30Thinking about buying stock in Axsome Therapeutics, Nio, VEON, United Airlines, or Clov..
PR
06/30NIO Rejects Short Seller's Claims of Profit, Revenue Overstatement
MT
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Analyst Recommendations on NIO INC.
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Financials
Sales 2022 60 866 M 9 083 M 9 083 M
Net income 2022 -7 224 M -1 078 M -1 078 M
Net cash 2022 15 525 M 2 317 M 2 317 M
P/E ratio 2022 -31,9x
Yield 2022 -
Capitalization 237 B 35 296 M 35 296 M
EV / Sales 2022 3,63x
EV / Sales 2023 2,01x
Nbr of Employees 15 204
Free-Float 8,90%
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Technical analysis trends NIO INC.
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Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 26
Last Close Price 143,13 CNY
Average target price 223,90 CNY
Spread / Average Target 56,4%
EPS Revisions
Managers and Directors
Bin Li Chairman
Li Hong Qin President & Director
Wei Feng Chief Financial Officer
Ganesh V. Iyer Global Chief Information Officer
Hai Wu Independent Non-Executive Director
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