Benzinga | Jun 18, 2021 09:10AM EDT

AiHuiShou International Prices IPO At $14 Per Share; Trading Begins Today

* Chinese technology-driven pre-owned consumer electronics transactions and services platform AiHuiShou International Co Ltd (NYSE:RERE) priced 16.2 million ADSs at $14 per share to raise $227 million in its initial public offering.

* Every three ADSs represent two shares.

* The shares are estimated to begin trading on the NYSE under the "RERE" symbol from today.

* The underwriters have a 30-day option to procure 2,434,950 additional ADSs.

* Goldman Sachs (Asia) L.L.C., BofA Securities, Inc., and China Renaissance Securities (Hong Kong) Limited are acting as the joint bookrunners of the offering.