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Eco Wave Power Global Priced, Nasdaq: WAVE

Developing technology to convert ocean and sea waves into clean electricity.

Industry: Technology

Latest Trade: $2.74 0.00 (0.0%)

First Day Return: +35.6%

Return from IPO: -65.8%

Industry: Technology

We are a wave energy company primarily engaged in the development of a smart and cost-efficient wave energy conversion, or WEC, technology that converts ocean and sea waves into clean electricity. Our corporate mission is to revolutionize energy production with our proprietary wave technology, and to become a leader in the renewable energy industry, which, according to an analysis by Frost & Sullivan, is expected to see $3.4 trillion in new investment in the next decade. Our WEC technology is implemented onshore or nearshore, as opposed to offshore systems, and draws energy from incoming waves by converting the rising and falling motion of the waves into an efficient and clean energy generation process. In addition to our WEC technology, we are also building out a pipeline of ancillary technology services that we may provide to our customers and other parties, such as other companies and research institutions. These services currently include feasibility studies for potential clients of our WEC technology. We are also developing a smart Wave Power Verification, or WPV, software, intended to provide real-time production verification that is expected to allow preventative-predictive and corrective measures to be taken. We believe that by providing these complementary services, we will be better positioned to be a leader of the wave energy industry.
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IPO Data
IPO File Date 05/27/2021
Offer Price $8.00
Price Range $10.00 - $12.00
Offer Shares (mm) 1.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/30/2021
Offer Price $8.00
Price Range $10.00 - $12.00
Offer Shares (mm) 1.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
A.G.P.
Company Data
Headquarters Tel Aviv, Israel
Founded 2011
Employees 15
Website www.ecowavepower.com

Eco Wave Power Global (WAVE) Performance