Vision Marine Technologies Inc.

Vision Marine Technologies Inc. (VMAR) priced its initial public offering on Nov 25, 2020 at $10.00 per share, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $75.8M. ThinkEquity was lead-left underwriter. Ortoli Rosenstadt advised the company and Dentons advised the underwriters.

Vision Marine Technologies Inc. designs and manufactures electric outboard powertrain systems and related technology, and also designs, makes and sells fully electric boats to commercial and retail customers. It reports powertrain efficiencies above 94%, compared with 54% for a principal competitor's product.

Status

IPO

Ticker

VMAR

Exchange

Nasdaq Capital Market

Priced

Nov 25, 2020

IPO price

$10.00

Market cap at IPO price

$75.8M

First filed

Jul 9, 2020

Underwriters

ThinkEquity

Company counsel

Ortoli Rosenstadt

Underwriters' counsel

Dentons

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.