NIO, a China-based producer of high-performing electric vehicles, filed on Monday with the SEC to raise up to $1.8 billion in an initial public offering.

The Shanghai, China-based company was founded in 2014 and booked $7 million in revenue for the 12 months ended June 30, 2018. It plans to list on the NYSE under the symbol NIO. NIO filed confidentially on April 27, 2018. Morgan Stanley, Goldman Sachs (Asia) and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Chinese electric car company NIO files for a $1.8 billion US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

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