Ninebot Ltd., the Chinese maker of electric scooters, is aiming for a U.S. initial public offering within the next two years, founder and Chief Executive Officer Lufeng Gao said.
Ninebot, backed by China’s top smartphone maker Xiaomi Corp., seeks a listing that could value it as much as $50 billion, Gao said. The company this month bought U.S.-based competitor Segway Inc., known for its two-wheeled, electric-powered people movers, in a deal that will help Ninebot develop electric driving, mobile Internet and man-machine interaction technologies for future products.
