Electric vehicle maker Nio will commence trading on the Singapore Exchange on Friday, May 20.

The China-based company, which is already listed in New York and since March, in Hong Kong, had on May 5 received its go-ahead for a secondary listing in Singapore from the SGX.

Nio’s shares will be quoted here by means of introduction and no new capital is being raised.

Nio is one of the China-based companies that have been “provisionally identified” under a 2020 US law Holding Foreign Companies Accountable Act.

Nio shares quoted in the US last traded at US$16.63, up 14.3% for the day, but down 50.31% year to date.

<span class='see_also_inread'><b>See also: <a class='gtm_see_also_1_inread' style='text-decoration: underline;' href='/news/ipo/biotech-startup-mirxes-weighs-us300-mil-singapore-ipo?utm_source=website&utm_medium=article&utm_campaign=ONPAGESEO'>Biotech startup Mirxes weighs US$300 mil Singapore IPO</a></b></span>

Nio shares in Hong Kong as at 10.23am was trading at HK$130, versus its HK$160 debut two months ago.

Nio to begin trading on the SGX on May 20

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Nio to begin trading on the SGX on May 20

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