RAYA News

It was a relatively slow week, with just one nano-cap IPO, China's Erayak Power. California-based electric motorcycle developer SONDORS (SODR) again didn't manage to price its $23 million Nasdaq IPO, making a 2022 listing increasingly unlikely. No new IPOs joined the pipeline, though three large names on file provided updated...read more

Erayak Power Solution Group, a Chinese manufacturer of power solution products for vehicles and appliances, raised $12 million by offering 3 million shares at $4, as expected. The company originally planned to offer 3 million shares at a range of $4 to $6, before increasing the proposed share offering to 3.5 million shares and narrowing the range to $4 to $5 in October, and revising...read more

Erayak Power Solution Group, a Chinese manufacturer of power solution products for vehicles and appliances, revised the terms for its upcoming IPO on Wednesday. The Wenzhou, China-based company now plans to raise $12 million by offering 3 million shares at $4. The company had previously filed to offer 3.5 million shares at a range of $4 to $5, and originally filed to offer 3...read more

Erayak Power Solution Group, a Chinese manufacturer of power solution products for vehicles and appliances, increased the share offering and narrowed the range to the low end for its upcoming IPO on Thursday. The company also disclosed 1H22 financials. The Wenzhou, China-based company now plans to raise $16 million by offering 3.5 million shares at a price range of $4 to $5. The...read more