Another Chinese Company Lists in the US
Why not join the club? Chinese online used-car platform Uxin Ltd. on Wednesday launched an initial public offering estimated to raise $437 million.
Uxin Ltd. is hoping to join a crop of Chinese issuers that have listed in the United States over the past several months. Uxin told regulators it plans to offer 38 million American depositary shares priced between $10.50 and $12.50, raising $437 million at midpoint. Proceeds could rise to $502.6 million if underwriters exercise an option to buy an additional 5.7 million shares.
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