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Fly-E Group Priced, Nasdaq: FLYE

Makes and sells electric bikes, motorcycles, and scooters.

Industry: Consumer Discretionary

Latest Trade: $5.90 -0.71 (-10.7%)

First Day Return: +19.5%

Return from IPO: +65.3%

Industry: Consumer Discretionary

We are an electric vehicle (“EV”) company that is principally engaged in designing, installing and selling smart electric motorcycles (“E-motorcycles”), electric bikes (“E-bikes”), electric scooters (“E-scooters”) and related accessories under the brand “Fly E-Bike.” At Fly E-Bike, our commitment is to encourage people to incorporate eco-friendly transportation into their active lifestyles, ultimately contributing towards building a more environmentally friendly future. Fly E-Bike was established in 2018 with its first store opened in New York. Our business has grown rapidly since then and we are now one of the leading providers of E-bikes for food delivery workers in New York City. As of January 31, 2024, we have opened 39 retail stores, including 38 stores in the United States and one store in Canada. We plan to expand our presence in the United States and extend our business into South America and Europe in the future. We also sell our products through our online store at flyebike.com. We have a diversified product portfolio that is designed to satisfy the various demands of our customers and address different urban travel scenarios. As of January 31, 2024, we offered 21 E-motorcycle products, 34 E-bike products and 12 E-scooter products.
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IPO Data
IPO File Date 02/02/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.3
Deal Size ($mm) $9
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/05/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.3
Deal Size ($mm) $9
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
The Benchmark Company
Company Data
Headquarters Flushing, NY, United States
Founded 2018
Employees 78
Website flyebike.com

Fly-E Group (FLYE) Performance