EHang Holdings (EH) IPO Opens Flat

Today's IPO for EHang Holdings (NASDAQ: EH) opened for trading at $12.55 after pricing 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.

Morgan Stanley & Co. LLC, is acting as the sole bookrunner for the offering, and Needham & Company, LLC, Tiger Brokers (NZ) Limited and Prime Number Capital, LLC are acting as co-managers for the offering.

EHang is an autonomous aerial vehicle (AAV) technology platform company. Our mission is to make safe, autonomous, and eco-friendly air mobility accessible to everyone. 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. As the forerunner of cutting-edge AAV technologies and commercial solutions in the global urban air mobility industry, EHang continues to explore the boundaries of the sky to allow AAV technologies to benefit our lives in smart cities.

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