Chinese used car marketplace Cango raises $44m in trimmed US IPO Visual from Cango's website. Mars Woo July 30, 2018 PremiumShanghai-based online used car platform Cango raised $44 million in its initial public offering (IPO) on the New York Stock Exchange after substantially decreasing the size of its offering. Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Should your colleagues be reading this article too? Contact us for corporate subscriptions at firstname.lastname@example.org.