Why NIO Stock Is Up Today

John Rosevear, The Motley Fool
·2 min read
Why NIO Stock Is Up Today

As of 2 p.m. EST, NIO's American depositary shares were up about 3% from Friday's closing price. First, the company said that its offering of $1.5 billion in convertible notes has closed. Notes in both series can be converted to NIO American depositary shares at a price of $93.06.