Envoy Technologies, which operates an electric car-sharing platform, withdrew its plans for a direct listing on Friday. It had originally filed in February 2025, and switched to pursuing a direct listing in May 2025. The company planned to register 7.8 million shares. At its $8 estimated reference price, Enjoy Technology would have commanded a market value of $64 million.
The Culver City, CA-based company was founded in 2017 and booked $4 million in revenue for the 12 months ended December 31, 2024. It had planned to list on the Nasdaq under the symbol EVOY.
