by Michael Willoughby
EHang, the autonomous aerial vehicle technology platform company, has held a long-trailed initial public offering (IPO).
That IPO will consist of 6,400,000 shares prices at $12.50 each.
Underwriters have 30-day option to purchase up to an additional 480,000 shares at the strike price.
Recent reports suggest that the company is close to commercial production of its air taxis.
EHang secured more than US dollars 50m in 2015 and, since then been working with the Chinese government and other partners.
Earlier this month, it debuted demo flights for commercial sightseeing operation in its home city of Guangzhou
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