All-electric powersports company Volcon prices IPO at top of expected range to raise $16. 6 million

Published Oct 06 2021 at 10:26 AM GMT
  • Volcon Inc.'s stock is set to start trading on the Nasdaq some time after Wednesday's open, after the all-electric powersports company's initial public offering priced overnight at $5.50 a share, at the top of the expected range of between $4.
  • The company sold about 3 03 million shares in the IPO to raise $16.64 million.
  • With 11.34 million shares outstanding after the IPO, the pricing values the company at about $62.
  • The company recorded a net loss of $19.46 million on no revenue during the six months ended June 30, after a loss of $1.
  • 37 million on no revenue during the period from Feb.



  • Published Oct 6, 2021 10:26 AM GMT