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Chinese EV maker Nio proposes a secondary listing in Singapore

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Nio is planning to list its shares in Singapore. This would be the Chinese electric carmaker’s third listing location, following its IPO in New York and a secondary listing in Hong Kong.

Costfoto | Future Publishing | Getty Images

Former President Donald Trump passed a law in 2020 that required U.S.-listed foreign companies to comply with higher auditing standards. Those that failed to follow the rules could be delisted.

To mitigate the delisting risk, major Chinese companies listed in the U.S. — such as Alibaba, JD.com and others — have carried out secondary listings, mainly in Hong Kong.

But Nio’s move to list on a third venue, particularly Singapore, is a unique move — one that’s…



Source cnbc.com

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