Li Bin, founder and CEO of NIO Automobile, said in an open letter in the foreword of the prospectus that 50 million shares, i.e. one-third of the total shares, will be transferred to "user trust fund".
NIO is also joining several sizable Chinese listings in NY this year, even as Sino-U.S. trade tensions involving tit-for-tat tariffs rattle global stock markets. Ltd and Kandi Technologies Group, are listed in the U.S., Nio's IPO would dwarf their presence on the stock exchange. If approved, Nio would be the second largest, after streaming service iQiyi, which raised $2.42 billion from a Nasdaq IPO in March. Its investors include Baidu, Lenovo and Sequoia Capital.
With numerous world's electric vehicles being sold in China, it isn't a surprise that many want to involve themselves in the industry. Nio chiefs hope the figures will even out as it delivers more ES8s to customers, although rival electric brand Tesla has proven that achieving this is easier said than done. NIO is sufficiently funded for its operations and mass-production plans, Li said earlier this year.
ND unveils uniforms for Shamrock Series game
And the uniforms the Irish will wear on November 17 against Syracuse are very, um, Yankee-like. Check out the uniforms Notre Dame will wear for the 2018 edition of the Shamrock Series below.
The Chinese auto maker in late June began making deliveries of its first mass-produced electric vehicle, the ES8, after unveiling the $67,000 seven-seat SUV past year.
As of July 31, Nio had delivered 481 ES8 vehicles and had "unfulfilled reservations for more than 17,000" more for which people had put down deposits, the filing says. Nio also said that it incurred a net loss of $502.6 million in the first six months of 2018 on revenues of $6.95 million in revenues.
NIO mainly plans to use the proceeds to be raised for research and development of products and technology, marketing and developing manufacturing facilities.
The offering is being led by Morgan Stanley, Goldman Sachs Group Inc, JP Morgan Chase & Co, Bank of America Corp, Deutsche Bank AG, Citigroup Inc, Credit Suisse Group AG and UBS Group AG.
The 59 is the first on the PGA Tour since Adam Hadwin did it at the CareerBuilder Challenge in January 2017. Snedeker has had a down year by his standards and entered the week 80th in the FedEx Cup standings.
Numerous cases took place at the New Haven Green, a park near the university where a similar mass overdose took place on July 4. The mass overdose began Tuesday night and forced police to continue monitoring the Green late into Wednesday night.
At the time, the startup had been able to raise funds to the tune of $900 million and garner a market valuation of $3.2 billion. Prior to this investment by Alphabet, Oscar had secured funding from two business divisions of Alphabet just a few months ago.
Aretha quitte son producteur et sa maison de disques pour s'engager auprès d'Atlantic records , aux côtés de Jerry Wexler. Surnommée la Reine de la Soul , Aretha Franklin s'est également illustrée en chantant du gospel, du R&B ou de la pop.
Italian prosecutors focused their investigation into possible design flaws or inadequate maintenance of the 1967 bridge. The prime minister has said all infrastructure across the country will be double-checked in the wake of the collapse.
In the ruling it stipulated Brunson, who faces 35 years in jail over terror and espionage charges, will remain in detention. On Tuesday, he said the government is working on steps to help banks and support companies affected by the currency crisis.
The Davis Cup, founded in 1900, is one of the world's largest global team competitions with 132 nations taking part in 2018. Top-ranked Rafael Nadal is expected to play for Spain, but Roger Federer has frequently passed on playing for Switzerland.
Kargil war India won the Kargil war in 1999 and Vajpayee was hailed for his successful handling of the situation. Odisha CM Naveen Patnaik who visited New Delhi AIIMS said "I am deeply grieved by the sad demise of Vajpayeeji".
Coach Durkin was placed on administrative leave Saturday after ESPN reported that coaches had been bullying the players. And teach our young kids, our young people that we worked so hard to get there, to 'Hey, I'm giving my child to you.
Considérer l'homosexualité comme une maladie est une idée reçue encore très tenace, ancrée dans les mentalités. Un médecin homéopathe établi à Lausanne propose de traiter les symptômes de l'homosexualité .
'Queen of Soul' Aretha Franklin dead at 76
Rhythm and blues singer Aretha Franklin performs at the inaugural gala for President Clinton in Washington on January 19, 1993. The love she had for her children, grandchildren, nieces, nephews, and cousins knew no bounds".
Zion Williamson Dunks From Free Throw Line
If you've heard of the name Zion Williamson then you already know that the 6'7, 285 lbs freshman from SC can DUNK . The Blue Devils wrap up the Canada tour with a game against McGill University on Sunday at Place Bell in Montreal.
Saudi Standing Committee Says Crypto Trading Illegal in Kingdom
In the statement published on the Saudi Arabian Monetary Authority's (SAMA) website, the committee made its stand crystal clear. The statement talks about cryptocurrency trading in general so other cryptocurrencies in the region are in hot water as well.
Elon Musk Wants to Take Angelenos Out to the Ball Game
Seats on the carriages will be limited to 1,400 people per event, which is approximately 2.5 percent of Dodger Stadium's capacity. The Boring Co. said construction would not affect Metro stations or lead to any road closures.