AZI IPO News: Autozi Internet Technology Prices US IPO at $4.00, the Low End of the Range

China-based auto seller Autozi Internet Technology has priced its US initial public offering at $4.00 per share, marking the low end of the expected range, according to Renaissance Capital.

The company, which operates an online platform for buying and selling cars in China, had initially planned to price its IPO between $4.00 and $6.00 per share. Despite the lower-than-expected pricing, Autozi Internet Technology is still moving forward with its IPO.

Investors will now have the opportunity to purchase shares of the company as it makes its debut on the US stock market. Autozi Internet Technology’s IPO comes at a time when the global auto industry is facing challenges, including supply chain disruptions and changing consumer preferences.

With its online platform, Autozi Internet Technology aims to provide a convenient and efficient way for consumers in China to buy and sell cars. The company’s IPO is expected to raise funds that will help fuel its growth and expansion plans.

Investors will be closely watching Autozi Internet Technology’s performance in the coming days as it navigates the competitive auto market and seeks to establish itself as a leader in the online car selling space.