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HomeAutomobileChinese language EV maker Nio proposes a secondary itemizing in Singapore

Chinese language EV maker Nio proposes a secondary itemizing in Singapore

Nio is planning to record its shares in Singapore. This could be the Chinese language electrical carmaker’s third itemizing location, following its IPO in New York and a secondary itemizing in Hong Kong.

Costfoto | Future Publishing | Getty Photos

Former President Donald Trump handed a legislation in 2020 that required U.S.-listed overseas corporations to adjust to increased auditing requirements. Those who did not comply with the principles could possibly be delisted.

To mitigate the delisting threat, main Chinese language corporations listed within the U.S. — corresponding to Alibaba, and others — have carried out secondary listings, primarily in Hong Kong.

However Nio’s transfer to record on a 3rd venue, significantly Singapore, is a novel transfer — one which’s not been adopted by many different Chinese language companies but.

Nio’s rivals Xpeng and Li Auto have each listed shares in Hong Kong through a so-called dual primary listing.

Correction: This story has been up to date to appropriately mirror that Xpeng and Li Auto have twin main listings in Hong Kong. An earlier model of the story misrepresented these listings.

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