EV maker Sono Group nearly doubles after U.S. stock market debut

Sono NV

17/11/2021 16:01

** Shares of Sono Group NV  SEV.O , which makes electric
cars integrated with solar panels, surge 83% to $27.45 
    ** Stock opens nearly 34% above its offer price at $20.06 in
Nasdaq debut; secures market capitalization of as much as $2 bln
    ** Co's car, called Sion, can be driven up to 305 km on a
single charge but the solar-powered cells can add up to 112 km
to the range every week, according to its website
    ** SEV has received more than 16,000 reservations for its
car, resulting in 40.8 million euro ($46.1 mln) in advance
payments, but has sold no cars yet, according to a filing https://www.sec.gov/Archives/edgar/data/0001840416/000110465921135375/tm212911-10_f1a.htm#tSFAO
 
    ** Co raised $150 mln in IPO, selling shares at the midpoint
of the range announced earlier  urn:newsml:reuters.com:*:nGNX4dqfrM

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))