NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s
premium electric vehicle market, today announced the pricing of its
initial public offering of 160,000,000 American depositary shares
(“ADSs”) at a price to the public of US$6.26 per ADS for a total
offering size of approximately US$1.0 billion, assuming the
underwriters do not exercise their option to purchase additional
ADSs. Each ADS represents one Class A ordinary share of the
Company. The ADSs are expected to begin trading on the New York
Stock Exchange on September 12, 2018 under the symbol “NIO.” The
offering is expected to close on September 14, 2018, subject to
customary closing conditions.
The Company has granted the underwriters an
option, exercisable within 30 days from the date of the final
prospectus, to purchase up to an aggregate of 24,000,000 additional
ADSs to cover over-allotments.
Morgan Stanley & Co. LLC, Goldman Sachs
(Asia) L.L.C., J.P. Morgan Securities LLC, Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Deutsche Bank Securities,
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC,
UBS Securities LLC and Wolfe Capital Markets and Advisory are
acting as joint underwriters of this offering.
A registration statement related to these
securities has been filed with, and declared effective by, the
United States Securities and Exchange Commission. This press
release shall not constitute an offer to sell or a solicitation of
an offer to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus. When
available, copies of the final prospectus relating to the offering
may be obtained by contacting:
Morgan Stanley & Co. LLC, Prospectus Department, 2nd Floor,
180 Varick Street, New York, NY, 10014, United States of America,
or by calling 1-866-718-1649, or by email at
prospectus@morganstanley.com;
Goldman Sachs (Asia) L.L.C., 200 West Street, New York, NY,
10282-2198, United States of America, Attention: Prospectus
Department, or by calling 1-212-902-1171;
J.P. Morgan Securities LLC, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, United
States of America, or by calling 1-866-803-9204, or by email at
prospectus-eq_fi@jpmchase.com;
Merrill Lynch, Pierce, Fenner & Smith Incorporated,
NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC
28255-0001, United States of America, Attention: Prospectus
Department, or by email at dg.prospectus_requests@baml.com;
Deutsche Bank Securities, Attention: Prospectus Group, 60 Wall
Street, New York, NY 10005, United States of America, or by calling
1-800-503-4611, or by email at prospectus.cpdg@db.com;
Citigroup Global Markets Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, United
States of America, or by calling 1-800-831-9146;
Credit Suisse Securities (USA) LLC, Attention: Prospectus
Department at 11 Madison Avenue, New York, NY 10010-3629, United
States of America, or by calling 1-800-221-1037, or by email at
newyork.prospectus@credit-suisse.com;
UBS Securities LLC, Attention: Prospectus Department, 1285
Avenue of the Americas, New York, NY, 10019, United States of
America, or by calling at 1-888-827-7275; or
Wolfe Capital Markets and Advisory, at 420 Lexington Avenue,
Suite 648, New York, New York 10170, or by calling 1-646-845-0711,
or by email at pryan@wolferesearch.com.
About NIO Inc.
NIO Inc. is a pioneer in China’s premium
electric vehicle market, founded in November 2014. NIO’s
mission is to shape a joyful lifestyle by offering premium smart
electric vehicles and being the best user enterprise. NIO designs,
jointly manufactures, and sells smart and connected premium
electric vehicles, driving innovations in next generation
technologies in connectivity, autonomous driving and artificial
intelligence. Redefining the user experience, NIO provides users
with comprehensive, convenient and innovative charging solutions
and other user-centric services. NIO began deliveries of the
ES8, a 7-seater high performance electric SUV in China from June
2018 and plans to launch ES6, a 5-seater electric SUV in late
2018.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Statements that are not historical facts,
including statements about NIO’s beliefs, plans and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. Further information regarding
these and other risks is included in NIO’s filings with the SEC.
All information provided in this press release is as of the date of
this press release, and NIO does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
For more information, please visit:
http://ir.nio.com.
For investor and media inquiries, please
contact:
NIO Inc.Jade WeiTel:
+86-21-6908-3681Email: ir@nio.com
Heather DiwuTel: +86-10-5687-4108Email:
ir@nio.com
The Piacente Group, Inc.Ross WarnerTel:
+86-10-5730-6201Email: nio@tpg-ir.com
Brandi PiacenteTel: +1-212-481-2050Email:
nio@tpg-ir.com
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