Markets

Chinese Tesla competitor Nio sinks after larger-than-expected share sale

Nio announced on Monday that it sold 88.5 million American depository shares for $US17 a piece. Shares of Nio slumped 8% in premarket trading Monday. The Chinese electric vehicle company, which competes with Tesla, originally planned to sell 75 million shares in a secondary offering Watch Nio trade live on […]
Chinese Tesla competitor Nio sinks after larger-than-expected share sale
News

The founders of trading firm Plus500 made £80 million selling shares

Plus500 is an online contract for difference platform, letting people wager money on the movement of assets without actually owning them. The company’s five founders sold 7.2 million shares in the business overnight, netting them a combined £80 million. Plus500 recently announced its best-ever quarter, helped by crypto trading. LONDON […]
The founders of trading firm Plus500 made £80 million selling shares