NIO (NIO) Falls 8.9% on $1-Billion Share Sale

Core Viewpoint - NIO Inc. experienced a significant decline in share price due to plans to raise $1 billion through an equity offering, leading to concerns about potential share dilution [1][3]. Group 1: Share Performance - Shares of NIO Inc. fell by 8.92% on Wednesday, closing at $5.72 per share as investors reacted negatively to the equity offering announcement [1]. - The American depositary shares (ADS) are priced at $5.57 each, while ordinary shares are offered at HK$43.36 [3]. Group 2: Equity Offering Details - NIO Inc. plans to issue over 181.8 million Class A shares through the offering of ADS in the US and ordinary shares in Hong Kong [2]. - The company expects to close the ADS offering on September 11 and the ordinary shares offering in Hong Kong on September 17, 2025 [3]. - NIO has granted underwriters a 30-day option to purchase up to 27.27 million ADS as part of the offering [3]. Group 3: Use of Proceeds - Proceeds from the equity offering will be allocated for investments in research and development of core technologies for smart electric vehicles, developing future technology platforms and vehicle models, expanding the battery swapping and charging network, and strengthening the balance sheet [4].