Ninebot’s depositary receipts, China’s version of ADRs, double on Shanghai’s Star Market debut

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Chinese depositary receipts of smart scooter maker Ninebot surge in early trading on Shanghai’s Star Market board for technology companies

Ninebot, partly-owned by Xiaomi, has not made any profit before its US$198 million offering

Topic | IPO

Published: 9:47am, 29 Oct, 2020

Updated: 3:36pm, 29 Oct, 2020

The signboard at a Segway-Ninebot store in Tel Aviv, Israel. Photo: Shutterstock

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