Nio, an electric vehicle upstart from China, is planning to list its shares in Singapore, which will make the city-state the third base where it trades as geopolitical tensions between China and the US heighten.
Nio said on Friday that it is seeking a secondary listing of its Class A ordinary shares “by way of introduction” on the Singapore Exchange Securities Trading Limited, a way to list securities already in issue on another exchange.
The company’s shares will continue to be primarily listed and traded on the New York Stock Exchange, where it debuted back in 2018. Earlier this year, Nio completed a secondary listing in Hong Kong.
The announcement came after the US Securities Exchange Commission added over 80 companies to a list of mostly Chinese companies facing expulsion from US exchanges, which includes Nio and other tech behemoths l …
