Chinese EV Unicorn NIO Reportedly Seeking Pre-IPO Investment After Filing For US Listing

Chinese electric vehicle company NIO is reportedly seeking a pre-IPO round that values the company at US$6.5 billion, according to Chinese media citing insiders.  The report said NIO’s previous funding rounds averaged around US$1 billion to US$1.5 billion, quoting an anonymous investor. NIO last raised over US$1 billion with a US$5 billion post-money valuation in November, 2017. The rumor came after NIO filed for an U.S. IPO earlier this week, seeking to raise US$1.8 billion. NIO did not immediately respond to China Money …

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