Lotus Cars NASDAQ listing - Bache Standard Capital
Jul 5, 2023
Strassen, Luxembourg Jul 5, 2023 (Issuewire.com) - Lotus Technology, the EV division of Lotus Group, recently said that it is going public in the United States via a merger. The division is headquartered in the central Chinese city of Wuhan and produces cars through a partnership with Geely.
Lotus's parent company Geely and its co-owners are expected to retain an 89.7 percent majority share of the company. The combined company is expected to keep the name of Lotus Technology Inc., with an estimated combined worth of $5.4 billion. Ordinary shares for Lotus are expected to be listed on the NASDAQ under the ticker symbol "LOT" after the IPO.
CEO looks forwards
Geely's CEO recently commented on the IPO. "The Eletre SUV is still expected to begin delivery in China in the first quarter of this year, and in the U.K. and Europe later in the year. It seems the U.S. and the rest of the world will need to sit patient, with Lotus still planning global delivery in 2024."
The push to go public is part of a larger narrative between Lotus and Geely trying to improve the company's reach on a global scale. To that end, prospects seem high for the British outfit as it heads public.
Read the full story at https://www.bachestandardcapital.com/post/lotus-cars-nasdaq-listing
Media Contact
Bache Standard Capital
+352 278 72530
5 Rue Charles Darwin L-1433 Luxembourg
Source :Bache Standard Capital
This article was originally published by IssueWire. Read the original article here.
More News
Ben Shelton Explains Why Making Time for Girlfriend Trinity Rodman Is ‘Really Difficult’
Ben Shelton is being brutally honest about how the demands of his and girlfriend Trinity Rodman‘s sporting careers make finding […] The post Ben Shelton Explains Why Making Time for Girlfriend Trinity Rodman Is ‘Really Difficult’ appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
The Exact Lipstick in ‘Patient Zero’ Video, Used by Taylor Swift & Dakota Johnson, Has Been Identified
Taylor Swift and Dakota Johnson star in the new music video for “Patient Zero” and there’s a scene featuring a […] The post The Exact Lipstick in ‘Patient Zero’ Video, Used by Taylor Swift & Dakota Johnson, Has Been Identified appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
'Saved by the Bell' actor Dennis Haskins breathes his last
‘Saved by the Bell’ actor Dennis Haskins breathes his lastDennis Haskins, beloved Tennessee-born actor, has died on Monday at the age of 75.The demise of the Saved by the Bell actor was announced by his agent, Jay Schecher, who called it a “tragic loss.”“Everyone...
‘ESPN Jeopardy!’ Opens Casting to Fans — How to Apply for the $300,000 Prize
ESPN Jeopardy! has officially been renewed for a second season and sports superfans can now apply for their chance to […] The post ‘ESPN Jeopardy!’ Opens Casting to Fans — How to Apply for the $300,000 Prize appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
Madrid Audiovisual Cluster Dives Deeper into New Business Models, AI and Emerging Technologies at Iberseries & Platino Industria
The Madrid Audiovisual Cluster (MAC), an economic interest group comprising close to 100 Madrid-based companies, has put together a two-day industry networking and peer-learning program at the Iberseries & Platino confab, taking place over Sept. 29 – Oct. 2 in the Spanish capital. AI takes center stage again but the program will attempt to delve […]
Mayor Zohran Mamdani Refuses Jimmy Kimmel’s Request to Text Trump a Selfie of Them
“Jimmy Kimmel Live” is back in Brooklyn. The late-night show has returned to the New York City borough for a week of shows at the Brooklyn Academy of Music. It’s Kimmel’s eighth time filming “Live” in Brooklyn, the place he was born and spent his early years, and the comic is welcoming a number of […]
Billy Gardell Says He Was Ozempic’s Spokesperson Before It Was a Weight Loss Drug, Explains Why He Stopped
Billy Gardell is opening up about his weight loss journey and how it actually started with being on Ozempic, though […] The post Billy Gardell Says He Was Ozempic’s Spokesperson Before It Was a Weight Loss Drug, Explains Why He Stopped appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
Chris Evans Suits Up to Film ‘My Darling California’ in Los Angeles
Chris Evans is suiting up for his latest movie! The 45-year-old Marvel star was spotted on the Los Angeles set […] The post Chris Evans Suits Up to Film ‘My Darling California’ in Los Angeles appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
Ariana Grande embraces low-key life with beau Ricky Alvarez amid break from spotlight
Ariana Grande embraces low-key life with beau Ricky Alvarez amid break from spotlightAfter bidding farewell to fans on the Eternal Sunshine tour, Ariana Grande is spending quality time with her boyfriend Ricky Alvarez in Los Angeles.The 30-year-old singer and actress announced back in June that...
CNN, MS NOW And Politico Warn That Trump Will “Reinstitute A Complete Ban” Without Judge’s Injunction: “An Injury On All News Media”
CNN, MS NOW and Politico are warning that the Trump administration will reimpose a “complete ban” on their access to the White House without a judge issuing a preliminary injunction. Last week, U.S. District Judge Timothy Kelly granted a temporary restraining order, forcing the White House to restore access to the White House to the […]
Jon Stewart Takes Aim at Trump’s Meeting With Chinese President: ‘How Does America Even Stay on the Map?’
On Monday night’s episode of “The Daily Show,” Jon Stewart gave audiences a comedic rundown of the recent developments in the relationship between Donald Trump and Chinese President Xi Jinping following Trump’s hosting of Jinping in Washington, D.C., for what was called a “reciprocal state visit” by the White House. Stewart kicked off his monologue […]
Audrey Hobert Confirms She Has a Boyfriend, Reveals How They Met
Audrey Hobert has a special guy in her life. The 27-year-old “Sue Me” singer has confirmed that she has a […] The post Audrey Hobert Confirms She Has a Boyfriend, Reveals How They Met appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.