EHang Holdings Ltd. (EH) plans to raise $43 million in an initial public offering (IPO) on Thursday, December 12th, IPO Scoop reports. The company plans to issue 3,200,000 shares at a price of $12.50-$14.50 per share.
In the last 12 months, EHang Holdings Ltd. generated $11 million in revenue and had a net loss of $11.2 million. EHang Holdings Ltd. has a market cap of $409.4 million.
Morgan Stanley acted as the underwriter for the IPO and Needham & Company, Tiger Brokers (NZ) Limited and Prime Number Capital were co-managers.
EHang Holdings Ltd. provided the following description of their company for its IPO: ” We are an autonomous aerial vehicle technology platform company. We are pioneering the future of transportation through our proprietarily developed AAVs and related commercial solutions. We believe we are the first in the world to launch passenger-grade AAVs, setting a new milestone in AAV technology. In today’s increasingly populated and interconnected world, traditional modes of urban transportation continue to contribute to congestion and pollution, and they are largely confined to land-based infrastructure. Mobility for the future requires a revolutionary solution. “.
EHang Holdings Ltd. was founded in 2014 and has 233 employees. The company is located at Building C, Yixiang Technology Park, No.72 Nanxiang Second Road, Huangpu District, Guangzhou 510700, People’s Republic of China and can be reached via phone at +86 20 29028899 or on the web at http://www.ehang.com.
Receive News & Ratings for EHang Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EHang Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.