NZ robotic mower maker SunScout raises US$15.5m in US IPO
Palmerston North solar-powered robotic mower company SunScout has listed on US exchanges, raising US$15.5 million in its initial public offering.
SunScout, a Palmerston North-based maker of solar-powered robotic mowers, has completed its initial public offering on US exchanges. The company raised US$15.5 million (NZ$26.5 million) with shares beginning trade on the NYSE American and NYSE Texas. Shares closed their first trading day at US$3.07, down approximately 39% from the US$5 IPO price.
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NZ robotic mower maker SunScout raises US$15.5m in US IPO
Palmerston North-based solar-powered robotic mower company SunScou t has listed in the US, raising US$15.5 million (NZ$26.5m ) in an initial public offering. Its shares, which began trading concurrently on the NYSE American and NYSE Texas , closed their first…