Niu Technologies (NIU) Prices 7M ADS IPO at $9/ADS

Niu Technologies (NASDAQ: NIU) announced today the pricing of its initial public offering of 7,000,000 American depositary shares (“ADS”) at a price to the public of US $9.00 per ADS for a total offering size of approximately US $63,000,000, before underwriting discounts and commissions. The shares are expected to begin trading on The Nasdaq Global Market Stock Exchange on October 19, 2018 under the symbol of “NIU”. In addition, Niu has granted the underwriters a 30-day option to purchase up to 1,050,000 additional shares of ADS at the initial public offering price, less underwriting discounts and commissions.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Needham & Company, LLC are acting as joint underwriters of this offering.

You May Also Be Interested In

• Citigroup set to join top banks in Anthropic IPO - Bloomberg
• Nscale targets up to $3B in US IPO as soon as September - Bloomberg
• CoVolt Power files for proposed IPO