Markets

UBCO raising $40m on path to Nasdaq

Dan Brunskill
Thu, 16 Sep 2021

UBCO raising $40m on path to Nasdaq
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...

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