Niu electric technology announced IPO price range to the US: 10.5-12.5 USD


Niu electric technology announced IPO price range to the US: 10.5-12.5 USD

Sina Technologies News Beijing Oct. 10 morning news, Niu Dian Technologies recently submitted an updated prospectus to the SEC. Prospectus disclosed that Niu electric technology is expected to IPO price range of 10.5-12.5 U.S. dollars.

The prospectus also disclosed that Niu Dian Technology plans to issue 8.3 million shares of ADS, each ADS shares on behalf of two A-share common stock. The underwriters are entitled to subscribe for an additional 1 million 245 thousand shares of ADS shares in the case of excess placement. According to the high value of IPO price range, the total amount of IPO financing will reach US $119 million 312 thousand and 500.

The circulation shares of Niu technology include class a common stock and B common stock. After IPO, B class common shares will have 4 votes per share, and class a common shares will have 1 votes per share.

Meanwhile, according to the US financial website IPO Scoop information, Niu Dian Technology is expected to land on October 19 in Nasdaq, the stock code is "NIU". (Yi Qun)


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