The IPO Board

[Joz]

Smith Electric Vehicles ipo coming soon.

Further to my previous hints of something happening soon at Smith Electric Vehicles - this report appeared in the Business News section of The Times (London,UK) yesterday:


Bargain-hunters were looking again at Tanfield, the troubled maker of milk floats and aerial work platforms. A funding crisis and other problems left shares that changed hands for more than 950p in 2007 at 11¼p by last Autumn. Since then, the Tyne and Wear company has rallied to 44¾p, rising a further 1¾p yesterday. The interest lies in Smith Electric Vehicles, the American maker of zero-emission lorries that Tanfield sold to Smith Electric late last year. Earlier whispers that Tanfield may be looking to sell the 32.2 per cent stake that it retained gave way to rekindled speculation of a Nasdaq listing this year. Goldman Sachs was rumoured to be in line to handle a $500 million to $1 billion flotation, which if correct would price Tanfield’s stake at worst at more than double the present market value of the company.
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I own stock in Tanfield Group (LSE:TAN) which is rising strongly ahead of the expected Smith ipo.