Smith Electric Vehicles Preparing for IPO & Good Cashflow

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

 
20120918-095736.jpg

Smith Electric Vehicles is finally going public. Its IPO is expected to contain 4.45 million shares, roughly between $16 and $18 a share. It is expecting the IPO to bring in around $76 million, most of which will be used to pay down debts.

The Kansas City, MO–based company primarily makes electric delivery vehicle supply trucks that it provides to clients such as FedEx, Coca-Cola, and DHL.
 


 
Source: Green Auto Blog
Image Credit: Smith Electric Vehicles


Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Latest CleanTechnica TV Video


Advertisement
 
CleanTechnica uses affiliate links. See our policy here.

James Ayre

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

James Ayre has 4830 posts and counting. See all posts by James Ayre