U Power Ltd. (UCAR) Plans to Raise $18 Million in March 20th IPO

U Power Ltd. (UCAR) is planning to raise $18 million in an initial public offering on the week of March 20th, IPO Scoop reports. The company will be issuing 2,500,000 shares at a price of $6.00-$8.00 per share.

AMTD Global Markets and WestPark Capital served as the underwriters for the IPO.

U Power Ltd. provided the following description of their company for its IPO: “”.

U Power Ltd. was founded in and has employees. The company is located at and can be reached via phone at .

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