Chinese EV maker Nio proposes a secondary listing in Singapore

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Chinese EV maker Nio proposes a secondary listing in Singapore

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Nio is preparing to note its shares inSingapore This would be the Chinese electrical carmaker’s 3rd listing place, following its IPO in New York and a secondary listing in Hong Kong.

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Former President Donald Trump passed a law in 2020 that needed U.S.-listed foreign business to adhere to greater auditing requirements. Those that stopped working to follow the guidelines might be delisted.

To reduce the delisting threat, significant Chinese business noted in the U.S.– such as Alibaba, JD.com and others– have actually performed secondary listings, primarily in Hong Kong.

But Nio’s relocate to list on a 3rd place, especially Singapore, is a special relocation– one that’s not been followed by numerous other Chinese companies yet.

Nio’s competitors Xpeng and Li Auto have actually both noted shares in Hong Kong by means of a so-called double main listing.

Correction: This story has actually been upgraded to properly show that Xpeng and Li Auto have double main listings in HongKong An earlier variation of the story misrepresented those listings.