Markets

UBCO raising $40m on path to Nasdaq

Dan Brunskill
Thu, 16 Sep 2021

The company's bikes are used by Domino's Pizza as well as off-road. (Photo: supplied)

Dan Brunskill
Thu, 16 Sep 2021

Electric motorbike builder UBCO has told shareholders it plans to raise $40 million in a funding round that would value the company at $140m and open a path to a Nasdaq listing.In a letter to shareholders, chair Katherine Sandford said Jubilee Glory Investments – a wealth management firm associated with touch display company TPK Holdings – was offering to purchase a further 5% of UBCO ahead of the next capital raise.“The company is currently negotiating terms for [Jubilee Glory Investments] to lead the upcoming series B round...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News vie email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Listed Companies market close

NZ shares fall on first day of NZ's omicron outbreak

Ella Somers | Mon, 24 Jan 2022

Eroad led the NZX50 lower after delivering a mixed quarterly sales update.

Media

Discovery wins Tova bout, ERA orders her to pay damages

Daniel Dunkley | Mon, 24 Jan 2022

The ERA has upheld Discovery's restraint of trade clause in the Tova O' Brien legal battle ensuring that she can't start at Today FM until March.

Markets

NZ shares slow down as traffic light turns red

Ella Somers | Mon, 24 Jan 2022

Aviation and tourism stocks are among those bearing the brunt of Sunday night's red light.

UBCO raising $40m on path to Nasdaq

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team