Renaissance Capital logo

Niu Technologies prices downsized IPO at $9, the low end of the revised range

October 19, 2018
Niu Technologies logo

Niu Technologies, China's largest producer of lithium-ion electric scooters, raised $63 million by offering 7 million ADSs at $9, the low end of the range of $9 to $10. Niu Technologies plans to list on the Nasdaq under the symbol NIU. Credit Suisse and Citi acted as lead managers on the deal.