The electric vehicle maker NIO unveiled on Thursday that will livestream its debut on the Singapore Stock Exchange this Friday, May 20. The company had announced on May 11 that it expected its Class A ordinary shares to be listed and commence trading on the Singapore Exchange Securities Trading Limited on May 20, 2022.
NIO will stream the event through its social platforms like NIO App, Facebook, WeChat, Youtube and others. The opening bell is schedule for 08:39 AM (Singapore Time).
On May 5, one day after being added to HFCAA list, NIO announced the proposed secondary listing of its Class A ordinary shares, by way of introduction on the Main Board of the Singapore Exchange Securities Trading Limited. The Company’s American depositary shares (ADS) will continue to be primarily listed and traded on the New York Stock Exchange (NYSE), the company stated.
Credit Suisse (Singapore) Limited and Goldman Sachs (Singapore) Pte. are acting as the joint issue managers, and PrimePartners Corporate Finance Pte. Ltd. is acting as the financial adviser, for the Proposed Secondary Listing, the company said.
NIO posted on Tuesday its first job vacancy located in France, the 8th European Market for the Chinese electric vehicle manufacturer. “For starting our power business operations in France, we are looking for a NIO Power Network Development Lead,” NIO said on the job description. After Hungary and Austria, France is now officially on NIO‘s plan to early 2023.