US Stock Market Move | EHang Holdings Ltd. Sponsored ADR Class A (EH.US) surged more than 11%, spending $30 million to repurchase shares.
On Monday, EHang Holdings (EH.US) surged more than 11%, closing at $8.80 per share.
On Monday, EHang Holdings Ltd. Sponsored ADR Class A (EH.US) soared more than 11% to $8.80. On the news front, on June 8th, EHang Holdings Ltd. Sponsored ADR Class A announced that its board of directors has approved a stock repurchase plan. According to the plan, EHang Holdings Ltd. Sponsored ADR Class A will repurchase up to $30 million worth of American Depositary Shares (ADS) or ordinary shares in the next 12 months.
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Italian technology and software giant Bending Spoons (BSP.US) applies for IPO in the United States, with a rumored target valuation of up to $22 billion.
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