Power Drain: Tesla Rival NIO Raises $1 Billion in Underwhelming IPO
2:31am PDT - September 12th, 2018 nio stock - The Wall Street JournalChinese electric-vehicle maker NIO priced its U.S. initial public offering near the bottom of its indicative price range, placing a $6.42 billion valuation on the Shanghai-based company that has billed itself as an emerging rival to Tesla.