China drone maker EHang considers $200m private funding instead of US IPO

China drone maker EHang considers $200m private funding instead of US IPO

Quadrocopter drone

Chinese drone maker EHang has delayed plans for a U.S. initial public offering (IPO) and is instead looking to raise up to $200 million in a private fundraising, two people with direct knowledge of the matter told Reuters.

EHang had been seeking between $400 million and $500 million from a U.S. IPO this year, sources told Reuters previously. Credit Suisse and Morgan Stanley have been working on the offering.

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