eVTOL developer EHang set to raise $46 million in Nasdaq IPO | Aviation International News

eVTOL Developer EHang Sets IPO Price For Nasdaq Flotation

The IPO for eVTOL developer EHang is set to raise less than half of its initial $100 million target.

China's EHang is looking to raise fresh capital to finance the development of its two-seat 216 eVTOL aircraft.

By Charles Alcock • Managing Editor

December 12, 2019

Autonomous electric aircraft developer EHang Holdings is looking to raise $46 million from an initial public offering (IPO) due to begin trading today on the Nasdaq Global Market. The target is less than half the $100 million projected when the company filed its IPO declaration with the U.S. Securities and Exchange Commission on October 31.

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