EV maker Sono Group zooms in U.S. debut

Sono NV

17/11/2021 21:55

(Updates with closing price)
    ** Shares of Sono Group NV  SEV.O , which makes electric
cars integrated with solar panels, finish Weds at $38.20, notch
first-day gain of 155% in their Nasdaq debut
    ** Munich, Germany firm valued at roughly $2.6 bln as of
today's close
    ** 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
    ** Co sold 10 mln shares at $15, raising $150 mln after IPO
priced at midpoint of $14-$16 range  urn:newsml:reuters.com:*:nGNX4dqfrM
    ** Berenberg sole global bookrunner for the IPO

 (Reporting by Niket Nishant and Lance Tupper
Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((Niket.Nishant@thomsonreuters.com
lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))