China: Bike sharing service Youon considering $86.7m IPO

China: Bike sharing service Youon considering $86.7m IPO

White bikes clustered together.

Bike-rental firm Youon is considering an initial public offer (IPO) and will be the first bike rental IPO in China. The IPO is forecasted to raise RMB 598 million ($86.7 million).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter