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$100 Million IPO and New Auto Price for Elio Motors!

G. David Felt
in Electric Vehicles and Alternative Fuels

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G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com

$100 Million IPO and New Auto Price for Elio Motors!

ElioMotors.jpg

According to Autoblog, Elio Motors is planning to raise $100 million dollars in an IPO that would allow them to finally start construction and delivery of Elio Motors three-wheeled bikes. Elio Motors made a big splash when they first initially showed off their concept with a purchase price of $6,800. Since that time a few years back, the price has crept up to $7,450 as of the SEC filing. Original depositors will still get their promised bike as the stated price but new depositors will have to pay the higher price. Considering how this is priced in comparison to other forms of transportation, it is still a deal yet the big question is, will people buy the stock and can Elio finally deliver to the market?

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