As of the time of publication, the stock has dropped over 25%, priced at $4.695.
According to the Zhihui Finance APP, on Tuesday, the stock price of EVgo Inc (EVGO.US) decreased, and as of the time of publication, the stock has dropped over 25%, priced at $4.695. In terms of news, the company announced that the public offering price of its Class A common stock is set at $4.25 per share. A total of 29,411,765 shares are being offered, with estimated net proceeds of approximately $0.121 billion after deducting underwriting discounts and commissions. Additionally, EVgo has granted the underwriters a 30-day Options to purchase up to an additional 4,411,764 shares of Class A common stock. The company plans to use the net proceeds from this offering for general corporate purposes.
EVgo is one of the leading fast charging networks for electric vehicles in the USA, with approximately 900 fast charging stations, covering 60 metropolitan areas and 30 states.
