EHang, autonomous aerial vehicle maker, issues IPO

By Luke Geiver | December 18, 2019

EHang Holdings Limited, an autonomous aerial vehicle technology platform company, has announced the pricing of its initial public offering of 3,200,000 American Depositary Shares (“ADSs”) representing 6,400,000 Class A ordinary shares at a public offering price of $12.50 per ADS. In addition, EHang has granted the underwriters a 30-day option to purchase up to an additional 480,000 ADSs at the initial public offering price. The ADSs are expected to begin trading on the Nasdaq Global Market on December 12, 2019 under the symbol “EH” and the offering is expected to close on December 16, 2019, subject to customary closing conditions.

EHang has partnered with Germany’s largest telecom partner along with DHL for a drone delivery project in China. The company debuted an unmanned aerial taxi system at the Consumer Electronics Show in 2014.

EHang provides customers in various industries with AAV products and commercial solutions for urban air mobility, including autonomous passenger transportation and logistics, smart city management, and aerial media solutions.