IPO Recap | Sono Motors soared more than 150% in its Nasdaq debut

On the last trading day, the NASDAQ Composite index dipped 0.33%, while the S&P 500 index declined 0.26%, and the Dow Jones Industrial Average dropped 0.58%.

On Wednesday, there was two traditional IPOs filed and four new stocks officially listed for trading. Solar EV maker Sono Motors soared 154.67% in first day of trading, valued at $2.64 billion.

SaaS customer engagement software Braze rose 43.68% in its market debut, valued at $8.43 billion.

Chobani, founded in 2005, is a leading Greek yogurt brand in the US. It provides a portfolio of high-quality yogurt products.

Chobani's products come through approximately 95,000 retail locations in the US. Its key customers include Wal-Mart, Whole Foods, Amazon, Target, Kroger, Publix, Costco and Safeway/Albertsons. It also sells its products to various other national and regional retailers and has an international presence.

Since 2007, it has maintained its position as the #1 Greek yogurt brand, and it has expanded into new categories with products including oat milk, coffee creamer, ready-to-drink coffee and plant-based probiotic beverage lines.

Sono Group, founded in 2016, is a Germany-based developer of solar powered vehicles.

The company is in the process of developing and commercializing a disruptive solar technology and intend to use it to create the solar and battery powered vehicle called the Sion.

In parallel, it is in the process of starting to license and sell the proprietary solar technology to other manufacturers for different use cases, such as buses, trucks, camper vans, trains and even boats, in order to accelerate the transition towards sustainable transportation.

New York-based Braze was founded in 2011 to assist organizations in automating and analyzing their customer communications and engagement efforts.

Brands ingest and process customer data in real time, orchestrate and optimize contextually relevant, cross-channel marketing campaigns and continuously evolve their customer engagement strategies with the platform.

Its customers include many established global enterprises and leading technology innovators, including Domino's Pizza，SoundCloud，HBO Max and Urban Outfitters.

Rivian, founded in 2009, design, develop, and manufacture category-defining electric vehicles (“EVs”) and accessories.

Rivian launched its R1T, a two-row, five-seat pickup truck, in September. It plans to launch an SUV, the R1S, in December. Wider sales of the truck and the SUV are expected to begin in December and January.

Rivian beat Tesla, GM and Ford to the market with an electric pickup, the R1T, which has received glowing early reviews.

It went public in November 9th, 2021 and rose 29.14% in its market debut. As if November 17th, it has a market cap of $124.58 billion, with a listed-to-date return of 87.27%.