The quiet buzz of electric vehicles is growing louder as more EV makers choose to go public by merging with a SPAC. While several large Chinese EV companies have completed IPOs in recent years (NIO, LI, XPEV), the last major US EV maker to IPO was...read more
The IPO market is back from its annual month-long break, with the first listings since mid-August. The hot money has come with it. Despite a broad sell-off among China stocks, three Chinese companies priced US IPOs this week. All three priced at the low...read more
NIO, a China-based producer of high-performance electric vehicles, raised $1.0 billion by offering 160 million ADSs at $6.26, near the bottom of the $6.25 to $8.25 range. Insiders had indicated on buying up to $250 million of the IPO (25% of the deal). NIO plans...read more
Five IPOs are scheduled to raise $1.6 billion in the week ahead, the first batch since mid-August. As we highlighted in our Fall Preview, China is kick-starting Post-Labor Day deal flow:...read more
The road less traveled: 14 auto-tech plays going public via SPAC
The quiet buzz of electric vehicles is growing louder as more EV makers choose to go public by merging with a SPAC. While several large Chinese EV companies have completed IPOs in recent years (NIO, LI, XPEV), the last major US EV maker to IPO was...read more
US IPO Weekly Recap: IPO market returns from vacation with a 128% pop
The IPO market is back from its annual month-long break, with the first listings since mid-August. The hot money has come with it. Despite a broad sell-off among China stocks, three Chinese companies priced US IPOs this week. All three priced at the low...read more
China's NIO prices $1 billion IPO at $6.26, the low end of the range
NIO, a China-based producer of high-performance electric vehicles, raised $1.0 billion by offering 160 million ADSs at $6.26, near the bottom of the $6.25 to $8.25 range. Insiders had indicated on buying up to $250 million of the IPO (25% of the deal). NIO plans...read more
US IPO Week Ahead: Fall IPO market starts up with 5 deals led by China's NIO
Five IPOs are scheduled to raise $1.6 billion in the week ahead, the first batch since mid-August. As we highlighted in our Fall Preview, China is kick-starting Post-Labor Day deal flow:...read more