Turbo Energy, S.A.

Turbo Energy, S.A. (TURB) priced its initial public offering on Sep 25, 2023 at $5.00 per ADS, raising $5M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $55.1M. Titan Partners was lead-left underwriter, joined by American Capital Partners, Boustead and Sutter. Bevilacqua advised the company and Sichenzia Ross Ference Carmel advised the underwriters.

Turbo Energy, S.A. designs, develops and distributes equipment for generating, managing and storing photovoltaic energy. Its storage products are managed through cloud software optimized with AI, and its flagship Sunbox is an all-in-one device for domestic photovoltaic installations.

Status

IPO

Ticker

TURB

Exchange

Nasdaq Capital Market

Priced

Sep 25, 2023

IPO price

$5.00 per ADS

Raised

$5M

Market cap at IPO price

$55.1M

First filed

Jul 11, 2023

Underwriters

Titan Partners, American Capital Partners, Boustead and Sutter

Company counsel

Bevilacqua

Underwriters' counsel

Sichenzia Ross Ference Carmel

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.