Smith Electric Vehicles Preparing for IPO & Good Cashflow
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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
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