Sono's share price at IPO is $15

The price per share in the initial public offering of Sono Group N.V., parent company of Munich-based solar car manufacturer Sono Motors GmbH, is $15. As reported, a total of ten million ordinary shares are to be brought to the market. In addition, the company is granting the underwriters a 30-day option to purchase up to 1.5 million additional common shares at the public offering price. The shares are expected to begin trading today (Nov. 17, 2021) on the Nasdaq Global Market under the symbol »SEV«. The offering is expected to close on November 19, 2021.

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