$NIO Inc.(NIO)$ After the news

$NIO Inc.(NIO)$ After the news raising fund out Nio pre market share price broken 4.00 level for the first time. This is a very bad news as Nio reported still have a few billions cash why still need to raise fund so fast? Something is very not right. Better be careful. Burning cash will continue and raising new fund again and again is a very bad news. No wonder the shareholders are dumping the shares probably lost their patience and cutloss and never want to hold anymore.

Modified in.03-27

NIO Issues New Shares: Is It Still Worth Investing?

NIO's US pre-market shares plummeted sharply, currently down nearly 7%. The company plans to issue shares at a price of HK$29.46 per share, offering up to 118.79 million Class A ordinary shares. The company intends to use the net proceeds from the stock placement for the development of smart electric vehicle technology and new products. Other China EV companies have successfully transformed, especially Xpeng, which has risen 70% this year. Is NIO still worth investing in? Will its stock price drop below the previous low? What is your target price?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Kiat1989
03-27
Kiat1989
the shares placement is effectively telling everyone how much NIO shares price are worth.
Meoooow
03-27
Meoooow
No more words to add.
You say it all.

😡 😡 😡
JC888
03-28
JC888
Exactly...
Sonsonkok
03-28
Sonsonkok
Great article, would you like to share it?

Leave a comment

619

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