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TEL AVIV, Israel, May 11, 2021 /PRNewswire/ Inokim, a leading e-scooter manufacturer, controlled by brothers Kfir Ben Shooshan and Dror Ben-Shooshan (72%) intends to IPO in September 2021. If the share issuance materializes, Big Shopping Centers group, which purchased 20% of Inokim in 2020, stands to make a return of more than 6 times on its initial investment.
Inokim (innovation for the last kilometer), plans to issue its shares following its anticipated second-quarter financial reports, expected in August.
Kfir Ben Shooshan (PRNewsfoto/Inokim)
Nimrod Riccardo Sapir (PRNewsfoto/Inokim)
Inokim OX model (PRNewsfoto/Inokim)
The company experienced rapid growth over the past decade, and according to recent updates, is sold in 40 countries worldwide. Revenues in Israel are estimated at $8M-$14M a year.