Nio, Inc. (NASDAQ: NIO) confirmed Wednesday its secondary listing in Singapore is expected to happen later this month.

What Happened: Shanghai-headquartered Nio said it expects its Class A ordinary shares to begin trading on the main board of the Singapore Exchange Securities Trading Limited, or SGX-ST, on May 20.

The announcement follows the receipt of the eligibility-to-list, or ETL, letter from SGX-ST on May 5. The listing would be by way of introduction, the …

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