Niu Technologies (NIU) IPO Opens Modestly Lower
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October 18, 2018 10:13 PM EDT
BEIJING, Oct. 18, 2018 (GLOBE NEWSWIRE) -- Niu Technologies (Niu or the Company), the world's leading provider of smart urban mobility solutions, 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... More
