The Alibaba, SoftBank and Xiaomi-backed mobile charger producer has floated below its range in a $150m initial public offering.
Energy Monster, the China-based power-bank leasing service backed by corporate investors Alibaba, SoftBank and Xiaomi, has raised $150m in an initial public offering on the Nasdaq Global Select Market. The company’s holding group, Smart Share Global, priced almost 17.7 million American depositary shares (ADSs) – each representing two ordinary shares – at $8.50 each, below…
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