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EHang Holdings (EH) has filed to raise $43 million in a U.S. IPO of its ADSs, per an amended registration statement.
The company is commercializing autonomous aerial vehicles for passenger transportation purposes.
EH and the market it operates in are still in the early stages of development, its revenue and gross profit growth is rapidly decelerating and I can’t really put a value on its IPO pricing, so I'll pass on the IPO.
Company & Technology
Guangzhou, China-based EHang was founded in 2017 to design, develop, manufacture, sell and operate