China Tech Digest: Mangbang Group Will Go Public on NYSE; Baidu Disclosed The Cost of A Driverless Car

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Manbang Group plans to officially list on NYSE on June 22

Chinese smart logistics service provider Manbang Group submitted an updated prospectus to the US SEC and plans to list on the New York Stock Exchange on June 22. For this IPO, Morgan Stanley, CICC, Goldman Sachs, UBS, Huatai Securities, Citigroup and others will serve as co-lead underwriters; China Renaissance Capital and CLSA will serve as deputy underwriters. At present, many investors have expressed their intention to subscribe at the IPO price: Invesco intends to subscribe up to US$500 million; in addition, existing shareholder Fidelity intends to subscribe up to US$100 million.

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