GGV Capital-backed Chinese e-scooter maker Niu targets to raise up to $95m in US IPO

GGV Capital-backed Niu Technologies, a Chinese maker of lithium-ion electric scooters, aims to raise up to $95 million in its scaled-back initial public offering (IPO) in the US by pricing 8.3 million shares at $11.50 to $12.50 each.