NIO (NIO) Falls 8.9% on $1-Billion Share Sale
We recently published 10 Stocks Melt Down in Hours. NIO Inc. (NYSE:NIO) is one of the worst performers on Wednesday. Shares of NIO Inc. fell by 8.92 percent on Wednesday to end at 1 billion through an equity offering that could result in potential share dilution. In a statement, NIO Inc. (NYSE:NIO) said it would issue more than 181.8 million Class A shares, from the offer of American depositary shares (ADS) in the US and ordinary shar ...