SIG-backed drone manufacturer Ehang has filed for an initial public offering in the US with a $100m placeholder figure, with previous reports suggesting an up-to $500m target.
Ehang, a China-based aerial vehicle developer backed by financial services provider Shanghai International Group, on Thursday filed for a $100m initial public offering on the Nasdaq Global Market.
The company plans to issue American Depositary Shares, though terms have not yet been set. Reports in March this year suggested Ehang would target between $400m and $500m in proceeds.
Founded in 2014, Ehang designs autonomous aerial vehicles as well as supporting technologies and infrastructure for consumer and commercial applications,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
