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Nio Stock: Secondary Listing Removes Major Overhang, Says Analyst
With geopolitical tensions front and center, investors were glad about Nio’s (NIO) latest announcement, sending shares up by 9% in the week’s first session. On Monday, the Chinese EV maker said the stock will begin trading in Hong Kong on March 10. Chinese stocks face the prospect of delisting in the US, given regulatory requirements and the constant tensions between the US and China. As such, a secondary listing provides a safety net. “In our view,” said Deutsche Bank’s Edison Yu, “The delistin
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