Massimo Group

Massimo Group (MAMO) priced its initial public offering on Apr 3, 2024 at $4.50 per share, raising $5.8M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $185.8M. Craft Capital was lead-left underwriter, joined by R.F. Lafferty. Ellenoff Grossman & Schole advised the company and Sherman & Howard and Pryor Cashman advised the underwriters.

Massimo Group manufactures, imports and distributes powersports products, including utility terrain vehicles, all-terrain vehicles and motorcycles, along with pontoon boats. It positions itself in the mid-tier band of the powersports vehicle and boat industry, serving customers who want affordable and reliable products.

Status

IPO

Ticker

MAMO

Exchange

Nasdaq Capital Market

Priced

Apr 3, 2024

IPO price

$4.50

Raised

$5.8M

Market cap at IPO price

$185.8M

First filed

Dec 18, 2023

Underwriters

Craft Capital and R.F. Lafferty

Company counsel

Ellenoff Grossman & Schole

Underwriters' counsel

Sherman & Howard and Pryor Cashman

Sector

Industrials & materials

Country / state

TX

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