Niu Technologies (NIU), a Chinese lithium-ion electric scooters producer, announced terms for its initial public offering (IPO).
The Niu IPO aims to raise $95 million. Its offer is for 8.3 million American depositary receipts at a price range of 10.50 to 12.50.
The company plans to list on the Nasdaq under the ticker NIU.
For the six-month period ended on June 30, Niu booked revenue of $84.2 million.