Tesla Supplier Simwon America Files for IPO

Dow Jones
1 hour ago
 
 

Simwon America, which provides parts for Tesla, filed for an initial public offering.

The company expects to sell 1.5 million shares and expects stockholders to offer 1 million, with an expected price range of $18 to $22 each.

The Lathrop, Calif., company's indirect parent companies MS Autotech Co., Ltd. and Myoung Shin Industry Co., Ltd. are listed in Korea.

Simwon America is seeking a Nasdaq Global Market listing under symbol SWA.

 
 

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