Skadden advised NIO, Inc., a pioneer in China’s premium smart electric vehicle market, in its secondary listing, by way of introduction, of its Class A ordinary shares on the Main Board of the Hong Kong Stock Exchange. NIO’s American depositary shares (the “ADSs”), each representing one share of the company, remain primarily listed and traded on the New York Stock Exchange. The shares listed in Hong Kong are fully fungible with the ADSs listed in New York. Trading commenced on March 10, 2022.
The Skadden team was led by partners Julie Gao (Hong Kong), Paloma Wang (Hong Kong), and Yuting Wu (Shanghai), with Asia Pacific Counsel Martina To (Hong Kong), associates Weiwei Chen (Hong Kong), Yiting Li (Shanghai), Derek Li (Hong Kong), Wei Luo (Shanghai) and Tracy Lee (Hong Kong), international legal consultant Cecilia Wang (Hong Kong), and trainee solicitors Hillary Chan (Hong Kong), Jonathan Lu (Hong Kong), and Stephanie Xie (Hong Kong).
Skadden advised NIO, Inc. on its US$ 1 billion initial public offering on the New York Stock Exchange in 2018, its US$ 1.5 billion follow-on offering in September 2020, its US$ 3.05 billion follow-on offering in December 2020, its US$1.5 billion convertible notes offering in February 2021 and its US$2 billion at-the-market offering in November 2021
For further information, please contact:
Grace Lord, Marketing & Communications Specialist, Skadden
grace.lord@skadden.com
