Nio's IPO invites US investors to take a leap of faith

Four-year-old Chinese startup plans to become just the second listed electric car specialist after Tesla. It's the latest Chinese venture to seek US investment while far from profitability.

Nio's IPO invites US investors to take a leap of faith

Electric car manufacturer Nio will drive Chinese fundraising on US stock exchanges to one of the highest levels ever recorded if it can steer its $1 billion-plus to $1.32 billion initial public offering in New York across the finish line next month.

Year-to-date the New York Stock Exchange and Nasdaq have raised $5.94 billion for a large group of Chinese companies including iQiyi, Pinduoduo, Bilibili, Uxin and Huya, according to Dealogic....

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