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An announcement from Smart Share Global ADR ( (EM) ) is now available.
On January 21, 2025, Smart Share Global Limited announced that its special committee has engaged Kroll, LLC as an independent financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel to evaluate a ‘going private’ proposal received earlier in the month. The company cautioned stakeholders that no decisions have been made regarding the proposal, and there is no guarantee of a definitive offer or transaction. This strategic move, if successful, could significantly impact the company’s market position and shareholder value.
More about Smart Share Global ADR
Smart Share Global Limited, known as Energy Monster, is a leading consumer tech company in China, specializing in mobile device charging services. It holds the largest market share in China, with power banks deployed in various public and commercial locations, including entertainment venues, restaurants, and transportation hubs. As of mid-2024, the company had 9.5 million power banks across numerous counties and districts in China.
YTD Price Performance: 48.61%
Average Trading Volume: 596,174
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $236.7M
For an in-depth examination of EM stock, go to TipRanks’ Stock Analysis page.
