UBCO raising $40m on path to Nasdaq

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
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...

More Markets

Star on a losing streak, but what about SkyCity?
Retail

Star on a losing streak, but what about SkyCity?

Australasian casinos are disproving the idea that the house always wins.

NZ sharemarket starts week down 0.5%
Markets Market close

NZ sharemarket starts week down 0.5%

The S&P/NZX 50 Index closed at 12,827.33, down 68.65 points or 0.53%.

Graham Skellern 13 Jan 2025
Weak dollar may impact February OCR cut
Markets

Weak dollar may impact February OCR cut

RBNZ expected to cut by another 50 basis points to 3.75% in Feb.

Rebecca Howard 13 Jan 2025
Building consents stabilising but no immediate recovery
Markets

Building consents stabilising but no immediate recovery

Housing consents rose 4.8% on year in November but fall 12% for 12-month period. 

Rebecca Howard 13 Jan 2025