E-scooter manufacturer Inokim, controlled by brothers Kfir Ben Shooshan and Dror Ben-Shooshan (72%) is aiming for an IPO in September 2021, the company announced Tuesday.
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If the share issuance materializes, Big Shopping Centers group, which purchased 20% of Inokim in 2020, stands to make a return of more than six times on its initial investment, the company said.
Inokim plans to issue its shares following its anticipated second-quarter financial reports, expected in August.
The company's scooters sold in 40 countries worldwide. Revenues in Israel are estimated at $8 million-$14 million a year.
