Question: U Power Ltd . develops electric vehicle battery - swapping technology. The company recently had its IPO, issuing 3 million shares of common stock for

U Power Ltd. develops electric vehicle battery-swapping technology. The company recently had its IPO, issuing 3 million shares of common stock for $6 per share. The par value of U Powers common stock is $1. Which of the following statements is true related to the IPO?

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