Shares of Nio $NIO are down more than 5% in premarket trading after…

Community

· Sep 19

Shares of Nio $NIO are down more than 5% in premarket trading after the company announced a proposed offering of $500 million aggregate principal amount of convertible senior notes due 2029 and $500 million aggregate principal amount of convertible senior notes due 2030.

A community member's personal view, not investment advice. Community Guidelines

Barrett Gardener @justbarrett Sep 19

Isn't the market's reaction a bit overdone? -17.14% is quite a hit.

Alden Yap @aldenyap Sep 19

If the price is above $7 I'm still bullish no less I'll definitely take advantage of this drop and pull back a little bit with the understanding that if we go further down but don't exceed $7 I'll keep buying.

Ashraf Aboudar @ashraf_dd Sep 19

The movement has calmed down a bit, but the chart will probably show it after the open. I think it's going to be pretty volatile. That $10 price is key for a lot of investors.

Rickie Reeve @rickiereeve Sep 19

Investors misinterpret this - I read about share dilution everywhere. That's probably why there is such a negative reaction.

Jason Bellier @neostonks Sep 19

I've read that there may be exchanges for new NIO shares over time, thus increasing the number of shares outstanding, that's the downside.

⌘ K

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