It's not an easy time to take a company public.
But last week, Smith Electric Vehicles announced that it had filed for a $125 million IPO.
There is currently no word as to when the company will go public or how many shares will be offered. Although Smith did note it plans to use the funds to pay down debt. Because while it's not an easy time to take a company public, it's also not an easy time to be a small player in an even smaller EV market.
That being said, Tesla Motors proved plenty of the naysayers wrong since first going public. The stock has actually maintained quite well since it first hit the NASDAQ. And next year, we'll see it's second electric offering – the Model S.
It'll be interesting to see how this Smith IPO pans out. But one thing is certain, it'll definitely be met with an enormous amount of criticism from skeptics. Although that's nothing new. The skeptics have been dismissing electric cars for years. Meanwhile, in just about two years, there will be 15 electric car models available in the U.S.
Whether you like it or not, electric cars are coming. And you can either dismiss this reality or profit from it.
If you'd like to learn more about Smith Electric Vehicles, check out this promotional video. . .