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Mobile Device Charging Service Provider SMART SHARE GLOBAL Files for $100 Million US IPO
2021-03-15

Esther Thin

Smart Share Global Ltd, a mobile device charging service provider, has filed Form F-1 Registration Statement on March 12, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.

The company provides service through our power banks, placed in POIs operated by our location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs and public spaces. Through their mini-programs, users rent their power banks to carry with users and can return the power banks at any of the POIs.

The Shanghai, China-based company was founded in 2017 and booked $433 million in sales for the 12 months ended December 31, 2020. It plans to list on the Nasdaq Global Market under the symbol “EM.” Goldman Sachs, Citi, China Renaissance and BOCI Asia are underwriters of the IPO.

The company engages Skadden, Arps, Slate, Meagher & Flom LLP as US Securities Counsel, and PricewaterhouseCoopers Zhong Tian LLP as Independent Auditor.

#ipo #Nasdaq #mobiledevice #charging #powerbank

 

 

 

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