Deals
Nio’s Hong Kong Listing Faces Delay Into Next Year
- Auto company faces HKEX scrutiny over user trust structure
- Chinese EV maker planning sale of up to $2 billion U.S. shares
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Chinese electric-car maker Nio Inc. may delay its planned Hong Kong listing to next year, according to people familiar with the matter.
The U.S.-traded company filed for a second listing in Hong Kong in March, but isn’t likely to debut in the Asian financial hub before early 2022, the people said, asking not to be identified as the information is private. Nio has received queries from the Hong Kong stock exchange about aspects of its structure, including a user trust set up in 2019, the people said.