Smart Share Global Ltd. (EM) Prices 17.5M ADS IPO at $8.50/ADS
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Smart Share Global Limited Announces Pricing of Initial Public Offering
April 1, 2021 9:25 AM EDTSHANGHAI, China, April 01, 2021 (GLOBE NEWSWIRE) -- Smart Share Global Limited (Energy Monster or the Company), 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... More
