Ninebot sets price for China’s first CDR listing

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Ninebot sets price for China’s first CDR listing

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Markus Schoeffler/Markus Schoeffler - stock.adobe.com

Xiaomi Corp-backed electric scooter maker Ninebot has set the issue price for its Rmb2.08bn ($309m) IPO on Shanghai’s Star market, the first offering of depository receipts in China.

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