The full stack auto marketplace provider which currently counts over 2900 employees currently provides major automobile purchase and financing services to various consumers with the company having partnerships with several financial and other automobile companies which makes the company’s service a very hot go-to spot for various auto buyers and sellers.

The new company is now earmarked to list on the Nasdaq stock exchange under the ticker “CANG” in a public offering which will add to the huge list of tech IPOs which have happened throughout this year.

Cango’s marketplace has served a huge number of customers across its region with over $900 million worth of financing transactions made on its platform in the first three months of this year alone.

Cango hasn’t yet specified an aimed share price and the number of shares which are going to be listed but as expected, This information will be made known before its IPO which will represent an addition to the recent wave of huge public offerings by major startups around the globe.

In the recent wave of IPOs this year, Other several Chinese startups have also taken to the public market with the likes of Internet Giant Meituan Dianping aiming to list soon at a $60 Billion valuation, Electric car maker NIO which is aimed for a $2 Billion IPO later this year amidst other notable startups which have and are earmarked to go public in soon time.