(Bloomberg) — Chinese electric-car maker Nio Inc. will start trading on the Hong Kong stock exchange next week, choosing a path to listing that doesn’t involve selling new shares or raising any money.
Most Read from Bloomberg
The Shanghai-based automaker has applied for a secondary listing of its Class A ordinary shares on the Hong Kong exchange by way of introduction, it said in a statement. Trading is expected to start March 10, subject to final approval from regulators.
The company initially filed for a Hong Kong listing in March 2021, but that was delayed amid regulatory concerns about aspects of its structure, Bloomberg News reported last year. In 2019, Chief Executive Officer William Li transferred 50 million company shares to a Nio User Trust, though he retained voting rights over the shares.
The move completes a homecoming of sorts by all three U.S.-traded Chinese EV…
