The code is NIO. In Chinese, it's called NIO, and its English name implies a new day.
The offering price is $3.5, with a market value of $6.2 billion.
It opened with a 78% surge, the stock price flashed to $6.23, and the market cap reached $11.036 billion.
"Mr. Lu..."
Seeing this scene, Li Bing was so excited that he couldn't speak. He wasn't even this thrilled when Yiche went public back then.
After all, Yiche's market value was only $500 million, and although he held 21% equity, it was worth just over $100 million.
In contrast, NIO's market cap broke through $10 billion, and even after several rounds of financing, he still held 25.22% stake.
If calculated at the current market value, his personal combined wealth has already reached 20 billion yuan, which should barely allow him to enter the top 100 richest list.
"Mr. Li, US stocks are not like Big A. Listing doesn't mean the end; it represents a new beginning."
