PE-Backed Chinese Electric Scooter Start-Up Niu Files For $150M US IPO

Beijing-based Niu Technologies, an electric scooter start-up, has filed for a US initial public offering to raise US$150 million, under the symbol NIU. Financial terms of the offering have not been disclosed. Credit Suisse and Citi are the joint bookrunners on the deal. Founded in 2014, Niu  seeks to bring to the consumer a high-quality e-vehicle at an affordable price.Its scooters are connected to the cloud, enabling over-the-air software updates. This also allows the company to collect data, which is used …

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