Key Points Nio announced it raised $1.16 billion before expenses in an equity offering. Nio set a delivery record in August, topping 30,000 for the second time in its history. Management has been able to support margins through cost cutting. 10 stocks we like better than Nio › Typically, when a company announces it is raising capital through an equity offering, the share price declines. There are a number of reasons for that, including shareholder dilution or simply a red flag suggesting the comp ...