China’s Tesla poised to electrify IPO investors

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By John Loh
16 Aug 2018

China’s answer to Tesla is set to make a splash with its New York IPO. Nio is preparing a multibillion-dollar listing that will test investor appetite for the booming electric car industry. John Loh reports.

An eight-bank syndicate started sounding out investors this week for the American Depositary Shares listing, filed with an indicative size of $1.8bn. The deal is not expected to launch until September, but it is already piquing investor interest in the early stages of pre-marketing.

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