Smart Share Global Ltd

Smart Share Global Ltd (EM) priced its initial public offering on Apr 2, 2021 at $8.50 per share, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $3.61B. Skadden, Arps, Maples and Calder and Commerce & Finance advised the company and Cooley and King & Wood Mallesons advised the underwriters.

Smart Share Global Ltd is a consumer technology company in China that provides mobile device charging service. Users rent its power banks through mini programs and return them at points of interest run by location partners such as restaurants, hotels, shopping centers and transportation hubs.

Status

IPO

Ticker

EM

Exchange

Nasdaq Global Select

Priced

Apr 2, 2021

IPO price

$8.50

Market cap at IPO price

$3.61B

First filed

Mar 12, 2021

Company counsel

Skadden, Arps, Maples and Calder and Commerce & Finance

Underwriters' counsel

Cooley and King & Wood Mallesons

Sector

Consumer

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