Stock in Chinese electric-vehicle maker NIO is now listed on two stock exchanges: The New York Stock Exchange and the Hong Kong stock exchange. Shares made their debut in Hong Kong Thursday. They dropped.
NIO (ticker: NIO) shares dropped 0.7% in overseas trading, closing at 158.90 Hong Kong dollars after opening at HK$160. The U.S. to Hong Kong dollar exchange rate is 7.82. The HK$158.90 level corresponds to a U.S. share price of $20.32.
NIO…