Chinese e-scooter maker Segway-Ninebot seeks to raise $297m in mainland's first CDR listing

Chinese e-scooter maker Segway-Ninebot seeks to raise $297m in mainland's first CDR listing

Segway-Ninebot, a Chinese electric scooter maker backed by Sequoia Capital China and Xiaomi, has moved closer to a planned 2.08 billion yuan ($297 million) initial public offering (IPO) on Shanghai’s Nasdaq-style STAR Market.