Niu Technologies, China's largest provider of lithium-ion electric scooters, filed on Monday with the SEC to raise up to $150 million in an initial public offering.
The Beijing, China-based company was founded in 2014 and booked $152 million in sales for the 12 months ended June 30, 2018. It plans to list on the Nasdaq under the symbol NIU. Niu Technologies filed confidentially on July 20, 2018. Credit Suisse and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.
