0735 ET - For the second time this week, electric bicycle and motorcycle maker Sondors cuts the price range for its planned IPO. Sondors says it now expects a pricing of $4-6 a share after previously cutting the target to $6-$8 from an initial range of $8-$10. Sondors, which also bumps up the size of the offering to 4M shares from 2.5M, says a pricing at the new $5 midpoint would yield net proceeds of about $17.5M. (colin.kellaher@wsj.com)
(END) Dow Jones Newswires
February 09, 2023 07:35 ET (12:35 GMT)
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