Report: CFMOTO aims to raise $67 million in Shanghai IPO

According to a report by Reuters earlier this month, Zhejiang-China based CFMOTO Motor Co. Ltd planned “to raise up to 454.3 million yuan ($67.53 million) in initial Shanghai share offering at 13.63 yuan per share.” Follow the stock, traded on the Shanghai Stock Exchange as of Aug. 18, on Yahoo Finance by clicking here.

Read the Reuters briefing here.

Check out a report from PSB editor in chief Dave McMahon’s 2016 visit to the U.S. dealer meeting at CFMOTO's factory in Hangzhou, China, by clicking here.

CFMOTO’s U.S. operations are based in Plymouth, Minnesota.

Mr. Lai, chairman of CFMOTO Motor Co. Ltd, and his son, Minjie Lai, chat with Mike Ratz, chairman of Power 50 Hall of Fame dealership Logan Powersports Group, during the 2016 U.S. dealer meeting in China. Photo by Dave McMahon/Powersports Business

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