Chinese electric vehicle company NIO, backed by Tencent Holdings Ltd., has filed confidentially for a planned U.S. initial public offering, according to media reports citing insiders. The Shanghai-based car maker, with a valuation of roughly US$5 billion when it last raised funding seven months ago, has submitted an initial confidential filing with the U.S. Securities and Exchange Commission. The IPO could raise around US$2 billion, though the deal size could change as the preparation work is in an early stage. …

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