EHang Holdings Ltd

EHang Holdings Ltd (EH) priced its initial public offering on Dec 12, 2019 at $12.50 per share, raising $40M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $758.2M. Morgan Stanley was lead-left underwriter, joined by Needham, US Tiger and Prime Number. Cooley, Maples and Calder and Allbright Law Offices advised the company and Latham & Watkins and Haiwen & Partners advised the underwriters.

EHang Holdings Ltd develops autonomous aerial vehicles and related commercial solutions. It unveiled its first passenger-grade autonomous aerial vehicle in 2016, designed for vertical take-off and landing and urban air mobility.

Status

IPO

Ticker

EH

Exchange

Nasdaq Global Market

Priced

Dec 12, 2019

IPO price

$12.50

Raised

$40M

Market cap at IPO price

$758.2M

First filed

Oct 31, 2019

Underwriters

Morgan Stanley, Needham, US Tiger and Prime Number

Company counsel

Cooley, Maples and Calder and Allbright Law Offices

Underwriters' counsel

Latham & Watkins and Haiwen & Partners

Sector

Industrials & materials

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.