---- Ein Fußgänger geht hinter einem Store von Niu Technologien, ein chinesischer Hersteller von Smart e-Scooter, in Hangzhou City, East China Zhejiang prov
--FILE--A pedestrian walks past a store of Niu Technologies, a Chinese manufacturer of smart e-scooters, in Hangzhou city, east China's Zhejiang province, 26 September 2018. Niu Technologies, a Chinese manufacturer of smart e-scooters, started trading on Nasdaq Stock Market on Friday (19 October 2018). The company, trading under the ticker symbol of "NIU", announced its initial public offering (IPO) of 7, 000, 000 American depositary shares (ADSs) at a price to the public of 9.0 U.S. dollars per ADS for a total offering size of approximately 63, 000, 000 dollars, before underwriting discounts and commissions. Each ADS represents two of Class A ordinary shares of the company. Niu started trading at 8.30 U.S. dollars per share on Friday, dropping 12.78 percent from its pricing, and was traded at 7.85 dollars apiece around midday. Founded in 2014, the company aims to "redefine urban mobility and make life better." It designs, manufactures and sells high-performance smart e-scooters. As of June 30, 2018, it had sold more than 431, 500 smart e-scooters in China, Europe and other countries, said its prospectus.
