Changzhou-based Bike-sharing Firm Youon Will Be China’s First Bike-sharing IPO

financeasia.com

Via financeasia.com

Public investors will soon get a taste of one of China’s hottest businesses after bike-sharing company Youon won regulatory approval for an initial public offering on the Shanghai Stock Exchange.

Officially known as Changzhou Youon Public Bicycle System, the Jiangsu-headquartered firm said on Thursday that it intends to float 25% of its equity capital in a 24 million-share offer, looking to raise as much as Rmb598 million $86 million for a market cap of about…

 

 

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