Massimo Group Launched $5.85 Million IPO

1.3 million shares were offered at $4.50 each.

The Massimo Warrior 1000 MXD.Massimo

Powersports manufacturer Massimo Group last week initiated an initial public offering of its common stock, worth an estimated $5.85 million after expenses. That worked out to $4.50 a share. The company also gave its underwriters 45 days from the close of the IPO to purchase an additional 195,000 shares of the common stock.

Massimo builds budget side-by-sides, ATVs, and motorcycles, including the unique Warrior Series metal-clad rec-ute machine. The Warrior series, an 85-hp rig that looks like it drove straight off the set of Mad Max, starts at $18,399 and comes with a 10-inch touchscreen, 4,500-pound winch, and a hydraulic dump bed.

The machines are assembled in the USA, and Massimo offers 2.99 percent APR financing on certain models. We have yet to get our hands on one, but we’re intrigued by the price point and aesthetics. Massimo doesn’t have a huge dealer network yet, but you can check its website to find the one closest to you.

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