VC-backed Chinese scooter maker targets $104m in US IPO
Niu Technologies, China's largest producer of lithium-ion electric scooters, is targeting up to $104 million in its US IPO. VC backers include GGV Capital and Future Capital Discovery Fund.
The company will offer 8.3 million American Depositary Shares (ADS) for $10.50-12.50 apiece. GGV has indicated an intention to invest $10 million in the offering. At the midpoint of the proposed range,...
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