Showing posts with the label #public trading

German Solar Car Sono To Trade on Nasdaq

  Sono Motors Files for an IPO on Nasdaq                                             Source:  Sono Motors' Sion Valuation Could Be More Than $1 Billion Sono Motors of Munich, Germany was founded in 2016 by four friends working out of a tiny garage. The company specializes in developing solar electric, zero emissions cars. Fast forward five years, the company has filed for a US initial public offering (IPO).  The company will be listed as SEV on the Nasdaq with a expected valuation in excess of $1 billion.  Sono has developed an advanced solar electric vehicle called Sion.  It is looking to pull in investor money to expand operations as governments around the world are pushing for greener, cleaner, zero emissions vehicles like Sion.  Growing from zero revenues and a concept to $1 billion in valuation in five years is the essence of a hot, fast growth company that global investors are currently evaluating. Driving on Sunshine Sono's Sion is a fully electric vehicle that has solar