Brief: Elio Shares Rise in Value. Company Now Valued at Over $1 Billion

Elio Road ShowElio Motors (OTCQX:ELIO), the first company to complete the full capital stack of a Regulation A+ equity crowdfunding round on Startengine to listed security on OTCQX, has seen a nice increase in share price since it became a publicly traded security.

According to the OTCQX data, Elio shows a trading low of $14/share and a high of $75. Today it is trading less than $75 but still the value has risen enough to give Elio a market valuation of over $1 billion. Individuals who purchases shares on StartEngine may sell shares today or hold on for the ride.

Now take this with a grain of salt as trading has been rather thin. A supply / demand imbalance can help drive the share price higher.  Depending on how Elio performs over the coming months, share price may go higher – or lower.

 


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