Cango Inc. Announces Pricing of Initial Public Offering

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Go back to Cango Inc. Announces Pricing of Initial Public Offering

Cango (CANG) IPO Opens 14% Higher

July 26, 2018 10:23 AM EDT

Today's IPO for Cango Inc. (NYSE: CANG) opened for trading at $12.50 after pricing 4,000,000 American depositary shares ("ADSs"), each representing two of its Class A ordinary shares, at a price to the public of US$11.00 per ADS for a total base offering size of US$44 million.

In addition, Cango has granted... More