World’s Largest Commercial Drone Maker DJI Boldly Let Enthusiastic Investors Bid for Financing

Almost 100 investment institutions joined the bidding.

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World’s Largest Commercial Drone Maker DJI Boldly Let Enthusiastic Investors Bid for Financing

Emboldened by its monopoly as the world’s largest commercial drone maker, DJI creatively chose to let enthusiastic investors bid for its latest round – also thought to be pre-IPO – of financing which consists of Class-B equity stake and Class-D interest-free loans. The Shenzhen-based company received bids from nearly 100 investors that propelled the sum of subscriptions to more than 30 times its original plan, a participant investor told local media Tencent Tech.

DJI originally planned to raise US$1b at $15b valuation. Some of its previous investors include Sequoia China and Accel Partners. DJI’s sales reached 18 billion yuan ($2.8 billion) last year.

Source: All Weather TMT