Niu Technologies Announces Pricing of Initial Public Offering

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Niu Technologies (NIU) IPO Opens Modestly Lower

October 19, 2018 10:28 AM EDT

Today's IPO for Niu Technologies (NASDAQ: NIU) opened for trading at $8.50 after pricing 7,000,000 American depositary shares (ADS) at $9.00 per ADS for a total offering size of approximately US $63,000,000, before underwriting discounts and commissions.

In addition, Niu has granted the underwriters a 30-day option to purchase up to 1,050,000... More