Niu Tech, Studio City crack open US listings

Nasdaq_230px
By John Loh, Jonathan Breen
11 Oct 2018

China’s Niu Technologies has launched bookbuilding for a $103.8m Nasdaq IPO, but despite plenty of pre-deal interest, sources said they did not expect the trade to be a blowout.

The electric scooter manufacturer is working with Credit Suisse as left lead and Citi and Needham & Co as bookrunners.

Niu is looking to sell 8.3m American Depository Shares (ADS) at between $10.5 to $12.5 apiece, giving it proceeds of $87.2m to $103.8m. There is also a 15% ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial