Niu Technologies Announces Pricing of Initial Public Offering
2018年10月19日 - 11:13AM
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 underwriting discounts and commissions.
Credit Suisse Securities (USA) LLC, Citigroup Global Markets
Inc. and Needham & Company, LLC are acting as joint
underwriters of this offering.
A registration statement related to these securities has been
filed with, and declared effective by, the United States Securities
and Exchange Commission on October 18, 2018. This press release
shall not constitute an offer to sell or a solicitation of an offer
to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About NIU
As the world's leading provider of smart urban mobility
solutions, NIU designs, manufactures and sells high-performance
smart e-scooters. Since its founding in 2014, NIU has grown from a
single product sold in China to a global brand across Europe and
Asia. NIU has a streamlined product portfolio consisting of
three series, N, M and U, with multiple models or specifications
for each series. NIU’s streamlined product portfolio that addresses
the needs of different segments of the modern urban resident, while
being united through a common design language that emphasizes
style, freedom and technology. NIU has adopted an omnichannel
retail model, integrating the offline and online channels, to sell
our products and provide services. NIU has received numerous
prestigious international design awards, including the German Red
Dot and IF, the United States iDEA, the Japanese G-Mark, and the
Chinese Red Star. For more information, please visit
www.niu.com.
Safe Harbor Statement
This press release contains statements that may constitute
“forward-looking” statements pursuant to the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Statements that are not historical facts,
including statements about NIU’s beliefs, plans and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. Further information regarding
these and other risks is included in NIU’s filings with the SEC.
All information provided in this press release is as of the date of
this press release, and NIU does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
Investor Relations Contacts:
NIUInvestor Relations ManagerJason YangE-mail: ir@niu.com
Or
The Blueshirt Group Gary Dvorchak, CFAE-mail:
gary@blueshirtgroup.com
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