The Shanghai International Group-backed drone maker is reportedly looking to raise between $400m and $500m in a US initial public offering later this year.

Ehang, a China-headquartered unmanned aerial vehicle developer that counts financial services provider Shanghai International Group as an investor, is looking to raise up to $500m in a US initial public offering, Reuters reported yesterday. The company is planning to float this year, with the IPO set to be run by investment banks Morgan Stanley and…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.