Fly-E Group, Inc.

Fly-E Group, Inc. (FLYE) priced its initial public offering on Jun 5, 2024 at $4.00 per share, within its $4.00–$5.00 range, raising $9M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $97M. Benchmark was lead-left underwriter. Hogan Lovells advised the company and Lucosky Brookman advised the underwriters.

Fly-E Group, Inc. is an electric vehicle company that designs, installs and sells smart electric motorcycles, electric bikes and electric scooters, with related accessories, under the Fly E-Bike brand. It supplies e-bikes for food delivery workers, among other customers.

Status

IPO

Ticker

FLYE

Exchange

Nasdaq Capital Market

Priced

Jun 5, 2024

IPO price

$4.00

Price range

$4.00–$5.00

Raised

$9M

Market cap at IPO price

$97M

First filed

Feb 2, 2024

Underwriters

Benchmark

Company counsel

Hogan Lovells

Underwriters' counsel

Lucosky Brookman

Sector

Industrials & materials

Country / state

NY

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.