Ticker LaunchIPO · UCAR
U Power Ltd
U Power Ltd (UCAR) priced its initial public offering on Apr 21, 2023 at $6.00 per share, within its $6.00–$8.00 range, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $314.5M. WestPark was lead-left underwriter. Hunter Taubman Fischer & Li, Maples and Calder and Guantao Law Firm advised the company.
U Power Ltd is a Chinese vehicle sourcing service provider that has brokered vehicle sales since 2013. It aims to become an EV market player centered on its proprietary UOTTA intelligent modular battery-swapping technology.
- Status
- IPO
- Ticker
- UCAR
- Exchange
- Nasdaq Capital Market
- Priced
- Apr 21, 2023
- IPO price
- $6.00
- Price range
- $6.00–$8.00
- Market cap at IPO price
- $314.5M
- First filed
- Dec 22, 2022
- Underwriters
- WestPark
- Company counsel
- Hunter Taubman Fischer & Li, Maples and Calder and Guantao Law Firm
- 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.
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Filings
- Registration statement (F-1) first filed Dec 22, 2022
- Latest amendment Mar 28, 2023
- Final prospectus (424B4) Apr 21, 2023
- All filings on EDGAR CIK 1939780
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