Chinese battery electric vehicle manufacturer Nio Inc announced that it had raised US$1.16 billion before expenses from its latest equity offering, involving the issue of 209,090,918 new Class A ordinary shares on the US stock exchange, priced at US$5.57 per share. The company’s share price dropped sharply immediately after the shares were released on 17th September, after more than doubling in value since July. The share issue was supported by leading international banks, including Morgan Stanley, UBS S ...