An informed source said the matter, the ideal car has applied for an initial public offering (IPO) in the United States, and plans to raise at least $ 500 million. Ideal family car by the car’s founder Lee wanted to create, formerly known as “cars and home”, in June 2019 changed its name to “ideal car.” Informed sources said that the ideal car in December last year submitted its IPO application secret, as early as the first half of this year.
alleged that since the summer of 2019, has been the ideal car in preparation for IPO issues, and has hired Goldman Sachs as the main lead bank deal.
In this regard, the industry official said, the ideal car for listing, a time when new forces are still in a loss repairer facing increasingly tough financing conditions. Moment, a lot of new forces over the repairer and sales of fresh capital is a limited market. In addition, these companies also face the Government subsidies for electric cars back slope, and therefore need to make a convincing argument on future profitability.
If you can successfully IPO, will be the ideal car after 2018 Wei to car $ 1 billion IPO, the second home in New York-listed Chinese electric car start-ups. Since listing, Wei to car shares have plunged more than 40 percentage, in spite of its third-quarter results better than expected.
For this report, the ideal car and Goldman Sachs declined to comment.
at Goldman Sachs earlier arrangements, get the ideal car in the C round of financing in August 2019 in a $ 530 million investment, the major investors include the US group founder Wang Xing, the investment was valued at approximately $ 2.93 billion.