Electric carmaker Nio begins trading on NYSE, aims to sell cars in US

By [email protected] (Eric C. Evarts) Chinese electric carmaker Nio raised roughly $1 billion in its initial public offering Wednesday on the New York Stock Exchange. In August, Nio [NYSE: NIO] announced that it hoped to raise $1.3 billion in its initial public offering. Wednesday’s launch around $6 per share fell short of that, but trading jumped Thursday and Friday well above its…

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