Chinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5B

The U.S. IPO window may be wide open for Chinese tech firms, but electric vehicle maker Nio has conservatively cut the target for its NYSE listing to $1.5 billion after it released a price range for its shares.
The company plans to sell 184 million shares between $6.25-$8.25. That range would yield a total raise of $1.518 billion, which is down from the initial target of $1.8 billion from the firm’s first filing in August. The range is, of course, subject to change and it doesn’