Smart Share Global Ltd. (EM) Prices 17.5M ADS IPO at $8.50/ADS

Smart Share Global Limited (NASDAQ: EM), a consumer tech company providing mobile device charging service, today announced the pricing of its initial public offering (“IPO”) of 17,650,000 American Depositary Shares (“ADSs”) at a public offering price of $8.50 per share. The aggregate offering size of the IPO is approximately $150.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol “EM” on April 1, 2021. The offering is expected to close on April 6, 2021, subject to customary closing conditions.

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 2,647,500 additional ADSs.

Goldman Sachs (Asia) L.L.C., Citigroup Global Markets Inc. and China Renaissance Securities (Hong Kong) Limited are acting as joint bookrunners and as representatives of the underwriters for the offering. Tiger Brokers (NZ) Limited, BOCI Asia Limited, Futu Inc. and SNB Finance Holdings Limited are co-managers for the offering.

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