Technology Mar 30, 2021 05:28 PM (GMT+8)
Powerbank rental service Energy Monster has filed an updated version of its prospectus with the SEC and plans to list on NASDAQ with "EM" as its securities symbol on April 1. This announcement is sudden, as the company has been in the headlines recently because of a legal issue. Two Shanghai-based venture capitalists are pressing a case through both U.S. and Chinese courts against Energy Monster, claiming that the company has reneged on a deal to give them a joint 3% stake in the business. A valuation of USD2.8 billion to USD 3.4 billion is being targeted.
This briefing is contributed by and first appeared on CIMK.