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Arcimoto Priced, Nasdaq: FUV

Launching an electric three-wheeled vehicle.

Industry: Industrials

First Day Return: -11.5%

Industry: Industrials

Arcimoto was founded in 2007 to catalyze the shift to a sustainable transportation system. The company's principal product, the SRK, is an all-electric three-wheeled motorcycle designed for daily transportation use. Arcimoto will build a fleet of beta and pilot vehicles in 2017, some of which will go to paying customers. Arcimoto is targeting early 2018 to begin scale production of the SRK. Arcimoto plans to replace the global urban and suburban use of 4,000 lb. internal combustion engine vehicles for regular daily trips with the SRK, a pure electric solution that is a quarter of the weight, a third the cost of purchase, and ten times as efficient as the US average passenger car. The SRK delivers a thrilling ride experience, exceptional maneuverability, full comfort for two passengers with gear, optimal urban parkability, and ultra-efficient operation, at an affordable target base model price of $11,900, making our model entirely focused on low-end market disruption. Arcimoto's SRK defines the Fun Utility Vehicle (FUV) category.
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IPO Data
IPO File Date 07/31/2017
Offer Price $6.50
Price Range $6.50 - $6.50
Offer Shares (mm) 3.0
Deal Size ($mm) $20
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/20/2017
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $20
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Eugene, OR, United States
Founded 2007
Employees at IPO 23
Website www.arcimoto.com

Arcimoto (FUV) Performance