Arcimoto (FUV) IPO Opens Lower

Today's IPO for Arcimoto (Nasdaq: FUV) opened for trading at $5.90 after pricing 3 million shares of its common stock at a price to the public of $6.50 per share under SEC Regulation A+ IPO.

WR Hambrecht + Co served as the sole and exclusive underwriter for the Reg A+ IPO.

Headquartered and manufactured in Eugene, Oregon, Arcimoto is devising new technologies and patterns of mobility that together raise the bar for environmental efficiency, footprint and affordability. Available for pre-order today with a target purchase price of $11,900, Arcimoto’s SRK defines the Fun Utility Vehicle category: it’s the lightest, most affordable and performance-packed electric vehicle suitable for the daily driver.

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