Nio boosts size of share sale by 20% amid EV stock frenzy

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Nio Inc. boosted the size of its capital raising by almost 20 percent as investors rush stock sales by EV makers.

The U.S.-listed, Shanghai-based firm sold 88.5 million American depositary receipts at $17 apiece, according to an emailed statement Monday. It initially planned to sell only 75 million shares. via

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