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China Electric Scooter Startup Niu Said to Plan $300 Million IPO

Niu, the Chinese company that sells so-called smart electric scooters in 27 countries, is pursuing an initial public offering that could raise about $300 million, according to people with knowledge of the matter.

The startup, founded in 2014, is working with advisers on the potential IPO, said the people, who asked not to be identified because the information is private. Niu is considering listing shares in the U.S. as soon as this year, the people said. Preparations for the deal are at an early stage, and details could change, according to the people.