Electric car manufacturer Nio will drive Chinese fundraising on US stock exchanges to one of the highest levels ever recorded if it can steer its $1 billion-plus to $1.32 billion initial public offering in New York across the finish line next month.
Year-to-date the New York Stock Exchange and Nasdaq have raised $5.94 billion for a large group of Chinese companies including iQiyi, Pinduoduo, Bilibili, Uxin and Huya, according to Dealogic. That is only about $1.1 billion lower than 2007, the second highest year for Chinese IPO fundraising in the US.
That record will be broken if Nio is able to price...
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