Recently, major rights issue events have been reported in the capital market one after another. On the evening of March 27th,$NIO (NIO) $Announced that it plans to place up to approximately 119 million Class A common shares to raise funds for the research and development of core technologies and new products of smart electric vehicles, while strengthening cash reserves and balance sheets; On March 25, Xiaomi Group announced the placement of approximately 800 million existing shares at a price of HK $53.25 per share, a discount of approximately 6.6% compared to the previous day's closing price of HK $57.$Xiaomi Group-W (01810) $After the news of the placement was announced, the stock price fell sharply at the op
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?
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