【Smart Car Pie News】At 9:00 a.m. on March 10, NIO was officially listed on the Hong Kong Stock Exchange for the second time, with a stock code of 9866 and 10 shares per lot, with Damo, Credit Suisse and CICC as joint sponsors. It is reported that WEILAI is listed in the form of introduction this time, and does not involve new stock issuance and fund raising. As of the close of the U.S. stock market, the U.S. stock price was $20.18, equivalent to HK$157.79, and the first lot was about HK$1577.9.
NIO
Weilai previously said: "The company currently has sufficient cash reserves, and there is no urgent financing need in the short term." According to relevant information, at the end of September 2021, NIO's cash reserves were about 46 billion yuan; in November of the same year, WEILAI completed an additional issuance of US$2 billion OF US stock ATMs, with nearly 60 billion yuan of abundant cash flow. Therefore, WEILAI chose not to raise funds this time.
NIO listing announcement
But before the listing, the sales volume of Weilai Automobile was worrying. According to the data, Weilai delivered 6131 electric vehicles in February this year, and did not enter the top three of the new domestic car-making forces. The top three ideals, Nezha and Xiaopeng in front of Weilai sold 8414, 7117 and 6225 new energy vehicles in February, respectively, and Weilai had a situation of "falling behind".