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Chinese Tesla rival Nio hobbles into its IPO, raising just $1B

Chinese Tesla rival Nio hobbles into its IPO, raising just $1B

Fast-growing Chinese electric carmaker Nio, a Tesla rival with U.S. headquarters in San Jose, limped into its much-anticipated initial public offering this morning, raising roughly $1 billion and valuing the company at $6.41 billion. At one point, Nio said it hoped to raise as much as $3 billion in its IPO, valuing the company at $20 billion, The Wall Street Journal reports. In an August filing with the U.S. Securities and Exchange Commission, Nio tempered its earlier expectations, saying it planned…

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Amazon Prime Now launches Whole Foods delivery in Seattle

Amazon Prime Now launches Whole Foods delivery in Seattle

Amazon Prime members in Seattle can now get groceries delivered from Whole Foods Market stores. Amazon on Wednesday launched Whole Foods delivery in Seattle, Charlotte, Las Vegas, Memphis, Nashville, New Orleans, Oklahoma City, Phoenix, Raleigh and Tucson. While Amazon shoppers could already purchase Whole Foods brand nonperishables through Prime Now, the expansion adds produce, bakery, dairy, meat, seafood, floral items and everyday staples to the lineup. Amazon said Prime Now delivery from…

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Home of the Day: Exquisite Luxury Modern Estate on Mercer Island

Home of the Day: Exquisite Luxury Modern Estate on Mercer Island

By Mary Norris & Paige Norris, Broker Home of the Day is presented by the Puget Sound Business Journal with Realogics Sotheby’s International Realty. This is your invitation to view some of Seattle’s most-luxurious properties. Come inside and take a look around. Click on the gallery image to view today’s featured property. 9950 Southeast 35th Place, Mercer Island, WA 98040 | $5,998,000 Exquisite Luxury Modern Estate poised at the edge of 110 feet of Lake Washington shoreline evokes the beauty…

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