FLYE - Days After Successful IPO Fly-E Rings The Closing Nasdaq Bell And Celebrates E-Two-Wheel Market's Future | Benzinga
Ringing the opening or closing bell on the Nasdaq MarketSite is a rite of passage for a lucky few companies bestowed with that honor each year. It not only celebrates a company's status as a public entity but showcases its strength in the market and with investors. Not to mention, it brings a little brand recognition. After all, the closing bell is broadcast on screens across the nation.
Fly-E Group, Inc. (NASDAQ:FLYE), the maker of electric bikes, scooters, motorcycles and accessories, joined that elite club, with chairperson and CEO Andy Ou ringing the closing bell Wednesday. The gesture celebrated a successful startup that completed its initial public offering last week.
It also comes at a time when the electric bike, scooter and motorcycle market is taking off. The global electric scooter market had a value of $24.67 billion last year and is predicted to reach $50.78 billion by 2032. Driving adoption is a push by governments around the world to curb emissions. With cities getting more crowded, hopping on an e-scooter or bike is not only greener, but ...