NYSE IPO Activity Highlighted by Chinese Companies Last Week

In capital markets last week, two companies priced their IPOs and debuted shares: 111, Inc. and NIO, Inc. The two companies raised $100.45 million and $1 billion, respectively. Further, British car-maker Aston Martin has made news ahead of its London IPO 

• 111, Inc. (NYSE: YI), a Chinese pharmacy operator, completed its initial public offering on the NYSE last Tuesday. The company owns and operates a chain of pharmacies through three platforms, including 1c Drugstore, 1 Drug Mall, and 1 Clinic. 111 reaches millions of customers through its on-line and off-line retail outlets.

• Tesla’s Chinese rival, NIO, raised just over $1 billion when its shares debuted on the NYSE last Tuesday. Backed by Internet giant Tencent Holdings, NIO is a China-based electric car maker and claims to make models similar to Tesla’s that are cheaper and faster. Aside from Tesla, NIO is the only premium electric car maker in China.

​

• Luxury auto-maker Aston Martin, who plans an initial public offering of shares in October this year, has named a board chairwoman. Penny Hughes, the veteran from Vodafone, has broken the company’s history of all-male boards. Naming a chairwoman is another step for the company towards filing its board and completing its IPO as planned.