TECH - Renault Group Hits Brakes On EV-Software Arm Ampere's IPO Amidst Challenging Stock Market | Benzinga
French automaker Renault Group (OTC:RNSDF) (OTC:RNLSY) on Monday said that it has decided to call off the initial public offering (IPO) of its European EV and software arm Ampere, given current stock market conditions.
What Happened: Renault was previously eyeing for Ampere to go public in the first half of 2024. However, the company now intends to continue funding the development of Ampere until it reaches breakeven in 2025, ...