Electric bike and motorcycle maker Sonders Inc. on Thursday cut the price range for its planned initial public offering for the second time this week,...
Electric bike and motorcycle maker Sonders Inc. on Thursday cut the price range for its planned initial public offering for the second time this week, lowering it to range of $4 to $6 from a prior $6 to $8. The company had originally set a range of $8 to $10 in December. Sonders is planning to offer 4 million share in the deal to raise $24 million at the top of the range. The company has applied to list on Nasdaq under the ticker ‘SODR.’ The company had a net loss of $4.
on Thursday cut the price range for its planned initial public offering for the second time this week, lowering it to range of $4 to $6 from a prior $6 to $8. The company had originally set a range of $8 to $10 in December. Sonders is planning to offer 4 million share in the deal to raise $24 million at the top of the range. The company has applied to list on Nasdaq under the ticker ‘SODR.’ The company had a net loss of $4.23 million in the nine months through Sept.
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