Secondary listing of NIO Inc.
A&G News 30 May 2022
Allen & Gledhill, as transaction counsel, advised Credit Suisse (Singapore) Limited (“Credit Suisse”) and Goldman Sachs (Singapore) Pte. (“Goldman Sachs”) on the secondary listing of Class A ordinary shares by NIO Inc. (“NIO”) on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”).
Credit Suisse and Goldman Sachs were appointed joint issue managers.
NIO is the first electric vehicle manufacturer to be listed on the SGX-ST. Upon admission to the Official List of the SGX-ST, NIO will have concurrent listings on the SGX-ST, the Hong Kong Stock Exchange and the New York Stock Exchange.
Advising Credit Suisse and Goldman Sachs were Allen & Gledhill Partners Tan Tze Gay and Rhys Goh and Counsel Kern Wong.