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.
Bodies of Colorado family found on oil property
A law enforcement source told NBC affiliate KUSA in Denver that Chris Watts admitted to killing all three of them. " Celeste . Mike Hendrickson said he's lived in the Watts' neighborhood nearly seven years but would only talk to the Watts in passing.
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.
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.
We will remind, earlier project in the United States defense budget in 2019 financial year was supported by the us Senate. And just hours after signing the military spending bill Monday, he did the same thing at a fundraiser in upstate NY .
In a statement to The Post, Meuret said the password for an independent job board site used by the company was compromised Monday. A similar explanation appears in a screenshot posted to different Facebook thread from someone resharing Robinson's post.
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".
He told the Journal the 25 per cent tariffs on steel will rescue an industry important to United States national security. Critics also point to the bigger losses that have resulted from retaliatory tariffs by trading partners.
William McRaven asks Trump to revoke his own security clearance in solidarity with Brennan, a frequent critic of the president. He also wrote: "Mr Trump's claims of no collusion are, in a word, hogwash".
Iron Fist was a very controversial addition to the Marvel's Netflix universe when it debuted in Spring 2017. There are some cool action beats here - Danny punching that truck to smithereens looks pretty darn neat.
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".
Très remonté contre ses dirigeants, il a dit avoir passé " son plus mauvais jour au club " et vouloir "peut-être arrêter là". Gustavo Poyet n'était pas du tout tranquille après la victoire de Bordeaux sur le FC Mariupol (2-1).
D'après le gouvernement, l'entreprise n'aurait pas réinvesti les profits des péages dans l'entretien de l'autoroute. Pour Ludmila Acone, cette sortie de Salvini prouve qu'il "est encore une fois en campagne électorale".
Respect pour Aretha Franklin qui vient de nous quitter
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.
Brant Snedeker shoots 59 at Wyndham Championship
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.
Google Invests $375M in Oscar Health for Medicare Advantage
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.
Paul Pogba's brother released for having 'too many kilos'
Mathias, the 27-year-old brother of Manchester United and France star Paul, is now out of contract having picked up an injury. He failed to earn a contract with Uerdingen, who have 2014 FIFA World Cup victor Kevin Grosskreutz in their books.