Smith Electric Vehicles IPO Update

Without Going Public, Smith Electric Vehicles Is Now $40 Million Richer

Written by Green Chip Stocks
Posted February 14, 2012 at 6:43PM

Last November we told you that Smith Electric Vehicles had filed for a $125 million IPO.

Well, turns out that Smith may also soon see an extra $40 million in its bank account after doing a raise with a handful of private investors. But now, some are wondering if the much-discussed IPO will even happen. Katie Fehrenbacher of Earth2Tech writes. . .

“So what about the potential $125 million IPO, which Smith filed for in November? Smith wouldn't comment on the future of the IPO and the company hasn't filed to pull the IPO yet, but often times when a company turns to private investors in the months after filing for an IPO, it indicates the company might not actually go public.”

Personally, I'm not convinced a $40 million raise will put the kibosh on the IPO. But you never know. Either way, the company continues to chug along nicely – and in all-electric mode, of course.

Check out Smith Electric Vehicles in action. . .

Enjoy this article? Get more in our Free Newsletter

Get the inside track on the most lucrative stock plays in today's scorching-hot alternative and renewable energy markets.

Sign up for the FREE Energy and Capital daily e-Letter from alternative energy experts Jeff Siegel and Nick Hodge. We'll also send you our latest report on Wind Investing straight to your inbox.

Your Privacy is Assured.

Jeff Siegel on CNBC

Green Chip Stocks Editor Jeff Siegel, featured guest on CNBC's Green Week

Related Articles

Tesla Electric Car Investing
Editor Jeff Siegel discusses whether or not it makes economic sense to buy an electric car.
Smith Electric Vehicles IPO
A maker of all-electric trucks files to go public.
Tesla Motors Model X
Tesla Motors has just unveiled its latest electric offering - an electric SUV called the Model X.