Dual Listing

Shares of Nio Inc. (NYSE: NIO) fell more than 6% in Wednesday’s trading after the Chinese electric vehicle maker announced plans to sell up to $2 billion of American depositary shares in an at-the-market offering. What Happened: The sale will be the biggest U.S. offering by a Chinese company...

Alibaba Group Holding Ltd’s (NYSE: BABA) subsidiary Ant Financial has upsized its initial public offering valuation target by $25 billion to $250 billion, seeking to raise $35 billion, Bloomberg reported late Sunday. The financial services company, expecting to raise $30...