EZGO IPO: 12 Things for Potential EZGO Stock Investors to Know

EZGO Technologies (NASDAQ:EZGO) launched its initial public offering (IPO) on Tuesday and it was a success for the electric bicycle company with shares of the stock soaring higher.

A hand touches a digital chart with the text "IPO."

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Here’s everything investors need to know about EZGO Technologies and its IPO.

  • EZGO Technologies is a maker of electric bicycles in China.
  • The company does so through its Cenbird and Dilang brands.
  • It also leverages its Internet of Things (IoT) platform to handle the sale and rental of its electric bikes.
  • Other offerings from the company include battery pack sales, battery transfers, and a charging business.
  • The company launched shares of its stock on the Nasdaq Exchange today under the EZGO ticker.
  • This saw EZGO Technologies offerings a total of 2.8 million shares of EZGO stock for an IPO price of $4 per share.
  • It says that this will result in 11.2 million in gross proceeds from the IPO, before and fees or deductions.
  • The offering also includes a 45-day option for underwriters to acquire an additional 420,000 shares at the IPO price.
  • ViewTrade Securities was the sole manager of the EZGO Technologies IPO.
  • EZGO Technologies says the goal of going public was to raise capital for its business.
  • Founder and CEO Jianhui YE says that this will allow the company to move forward with its growth plans for 2021 and beyond.
  • The company has already seen more than 5 million shares change hands since entering the public market today.

EZGO stock was up 287.5% as of Tuesday afternoon.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

Article printed from InvestorPlace Media, https://investorplace.com/2021/01/ezgo-ipo-12-things-for-potential-ezgo-stock-investors-to-know/.

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