Niu.com is an online scooter market where you can find several models of great scooter tech, while the company arguably claims Niu Technologies is “the world’s number one scooter manufacturer”.
The company offers the M + model, NGT, M model, S model and U model, while also offering electrically charged scooters among the models mentioned. Niu went public in October 2018, joining the upward trend of listed companies issuing shares in 2018 as well as in 2019.
How well is Niu Technologies (NIU) doing in the market in 2019?
Niu went public in October 2018, while the company issues 7 million Class A shares to the public, setting the price of $ 9 per share for the opening trading session.
The company managed to raise $ 63 million with its initial public offering, as expected from previous estimates, and although Niu’s IPO is certainly a far cry from the biggest IPOs the market has seen in far away, the latest reports for 2018 have demonstrated tremendous growth potential that the company has with their product offering.
The total sales volume of electric scooters that the company announced for the fourth quarter of 2018 is set at 77.9% year-on-year increase, net revenue for the same period is 427.5 million Chinese yuan , and the total revenue for the whole year would be 92.1%, up year-over-year, respectively.
However, despite strong reports and exponential growth exemplified by Niu scooter sales, NIU shares are trending downward at the start of the second quarter of 2019.
The company sold 93,611 electric scooter units for a year, but shares fell -0.86% with the latest market change, setting the value of NIU shares below the opening price of $ 9 per share because NIU trades at $ 8.11 after the close of the last trading session.
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