Ge Long Hui·2025-09-17 09:34Core Viewpoint - NIO-SW (09866.HK) announced the completion of a $1.16 billion equity issuance involving approximately 209 million Class A ordinary shares on September 17, 2025 [1] Group 1: Equity Issuance Details - The equity issuance includes the issuance of approximately 161 million American Depositary Shares (ADS), each representing one Class A ordinary share [1] - Additionally, 20.995 million Class A ordinary shares were issued, along with 27.2727 million ADS resulting from the full exercise of the underwriters' option to purchase additional ADS [1] - The ADS were sold at a public offering price of $5.57 per ADS, while the Class A ordinary shares were sold at a price of HKD 43.36 per share [1] Group 2: Use of Proceeds - The net proceeds from the equity issuance are intended for investment in core technology research and development for smart electric vehicles [1] - The funds will also be used to develop future technology platforms and models under the company's brand, expand the charging and battery swap network, strengthen the balance sheet, and for general corporate purposes [1] Group 3: Underwriters - The underwriters for the equity issuance include Morgan Stanley Asia Limited, UBS Securities LLC, UBS AG Hong Kong Branch, and Deutsche Bank Hong Kong Branch [1]