.png)
GC Asia
Ninebot sets price for China’s first CDR listing
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.
Ninebot, officially called Segway-Ninebot, will sell up to 70.41m Chinese depositary receipts (CDRs) on Star at Rmb18.94 each. Both institutional and retail investors are scheduled to subscribe to the stock next Monday. The institutional and retail split will be around 80/20 before the clawback.
The Cayman Islands-incorporated ...Already a subscriber? Login
-
Latest news from GlobalCapital China
-
China Merchants nabs S&P rating in RMBS first
29 Oct 2020 -
CMB debuts internationally rated RMBS
28 Oct 2020 -
China lays groundwork for more climate financing, investment
28 Oct 2020 -
Beijing Hyundai switches to revolver for auto ABS return
27 Oct 2020 -
China policy and markets round-up: Fiscal revenue returns to growth, Sweden bans Huawei, S&P expands to exchange bond market
23 Oct 2020
-
-
Latest news from GlobalCapital China
-
China Merchants nabs S&P rating in RMBS first
29 Oct 2020 -
CMB debuts internationally rated RMBS
28 Oct 2020 -
China lays groundwork for more climate financing, investment
28 Oct 2020 -
Beijing Hyundai switches to revolver for auto ABS return
27 Oct 2020 -
China policy and markets round-up: Fiscal revenue returns to growth, Sweden bans Huawei, S&P expands to exchange bond market
23 Oct 2020
-
