Comment on Chinese electric scooter startup Niu files for $150M U.S. public offering

Chinese electric scooter startup Niu files for $150M U.S. public offering

Chinese electric scooter startup Niu Technologies has filed for an initial public offering on Nasdaq to raise up to $150 million. In its form, Niu said it is “the largest lithium-ion battery-powered e-scooters company in China,” according to data from China Insights Consultancy, and also a market leader in Europe based on sales volume. Founded in 2014 and based in Beijing, Niu says it currently holds a market share of 26% in China based on sales volume.

 

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