On December 12, 2019 (US Eastern Time), the American Depositary Shares (ADSs) of EHang Holdings Limited (“EHang”) began trading on the Nasdaq Global Market under the ticker symbol “EH” and became the first listed autonomous aerial vehicle company in the world. EHang offered 3,200,000 ADSs (subject to the over-allotment option) at the initial public offering price of US$12.50 per ADS and raised approximately US$40 million in gross proceeds.
EHang is an autonomous aerial vehicle technology platform company, with its mission to make safe, autonomous and eco-friendly air mobility accessible to everyone. EHang designs, develops, manufactures, sells and operates autonomous aerial vehicles, or AAVs and their supporting system and infrastructure for a broad range of industries and applications, including passenger transportation, logistics, smart city management and aerial media solutions, providing them AAVs and related commercial solutions.
Morgan Stanley, Needham & Company, Tiger Brokers and Prime Number Capital were the underwriters of this offering. Haiwen, being the PRC counsel to the underwriters, provided professional legal services for this offering.
Haiwen team advising on this offering is led by partner Tang Jiangshan and partner Zheng Yan, with support from associates including Jin Shuangshuang, Hua Nan and other colleagues.
On December 12, 2019 (US Eastern Time), the American Depositary Shares (ADSs) of EHang Holdings Limited (“EHang”) began trading on the Nasdaq Global Market under the ticker symbol “EH” and became the first listed autonomous aerial vehicle company in the world. EHang offered 3,200,000 ADSs (subject to the over-allotment option) at the initial public offering price of US$12.50 per ADS and raised approximately US$40 million in gross proceeds.
EHang is an autonomous aerial vehicle technology platform company, with its mission to make safe, autonomous and eco-friendly air mobility accessible to everyone. EHang designs, develops, manufactures, sells and operates autonomous aerial vehicles, or AAVs and their supporting system and infrastructure for a broad range of industries and applications, including passenger transportation, logistics, smart city management and aerial media solutions, providing them AAVs and related commercial solutions.
Morgan Stanley, Needham & Company, Tiger Brokers and Prime Number Capital were the underwriters of this offering. Haiwen, being the PRC counsel to the underwriters, provided professional legal services for this offering.
Haiwen team advising on this offering is led by partner Tang Jiangshan and partner Zheng Yan, with support from associates including Jin Shuangshuang, Hua Nan and other colleagues.
Beijing ICP No. 05019364-1 Beijing Public Network Security 110105011258
