Lobo Technologies Ltd.

Lobo Technologies Ltd. (LOBO) priced its initial public offering on Mar 22, 2024 at $4.00 per share, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $31.1M. Kingswood was lead-left underwriter. Loeb & Loeb, Ogier and DeHeng Law Offices advised the company and Ellenoff Grossman & Schole and Jincheng Tongda & Neal advised the underwriters.

Lobo Technologies Ltd. designs, develops, manufactures and sells electric vehicles, including e-bicycles, e-mopeds, e-tricycles and electric golf carts and mobility scooters for the elderly and disabled. It also develops automobile information and entertainment software for customers.

Status

IPO

Ticker

LOBO

Exchange

Nasdaq Capital Market

Priced

Mar 22, 2024

IPO price

$4.00

Market cap at IPO price

$31.1M

First filed

Mar 13, 2023

Underwriters

Kingswood

Company counsel

Loeb & Loeb, Ogier and DeHeng Law Offices

Underwriters' counsel

Ellenoff Grossman & Schole and Jincheng Tongda & Neal

Sector

Industrials & materials

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