Vlad Kovalenko + 115 VK August 14, 2018 Nio doesn't even have a car for sale in the United States yet, and it might never, but it's aiming to be publicly traded on the US stock market. The Chinese startup that builds EVs has filed for an initial public offering on the New York Stock Exchange. The IPO could be worth about $1.8 billion, which the company says it will use to boost its research and development, in addition to expanding its manufacturing facilities. According to its filing, Nio posted a net loss of $502.6 million in the first six months of 2018, while accumulating $6.95 million in revenue. Quote Share this post Link to post Share on other sites
Adam Varga + 123 AV August 14, 2018 Â I fear for NIO. They will repeatedly turn to equity raises until they start selling cars. Even then, as we saw with Tesla, it will take a long time to cover operating expenses. Â Quote Share this post Link to post Share on other sites
BlackTortoise + 103 CM August 14, 2018 EV space is going to fill pretty rapidly and become increasingly more difficult for startups and late entrants. Quote Share this post Link to post Share on other sites
Vlad Kovalenko + 115 VK August 14, 2018 The difference here when looking at purchasing stock is that the company doesn’t have a person like Elon to keep the stock holders from running when they continue to bleed money. I hope they can survive but as we have seen with Tesla it’s very hard to start a car manufacturing company. Quote Share this post Link to post Share on other sites
Stormysaga + 62 AB August 14, 2018 Nio have a long, long way to go. They don't even have their own manufacturing capacity and that is a long to-do list for $1.8 billion of funding. Quote Share this post Link to post Share on other sites