EZGO Technologies Ltd (EZGO) IPO Opens 165% Higher

January 26, 2021 11:37 AM EST

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Today's IPO for EZGO Technologies Ltd. (NASDAQ: EZGO) opened for trading at $10.59 after pricing 2,800,000 ordinary shares at a public offering price of $4.00 per share.

ViewTrade Securities, Inc., a global provider of brokerage, investment banking, corporate /advisory and trading platform services, acted as sole book-running manager for the offering.

Leveraging an Internet of Things (IoT) product and service platform, EZGO has established a business model centered on the sale of electronic bicycles and battery and e-bicycle rentals, complemented by sale of battery packs, battery cell trading and a charging pile business. Currently, the Company (i) trades lithium cells; (ii) rents and sells lithium batteries; (iii) designs, manufactures, rents and sell e-bicycles and e-tricycles; and (iv) sells, franchises and operates smart charging piles for e-bicycles and other electronic devices.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

IPOs, Momentum Movers, Trader Talk

Related Entities