Massimo Group Announces Proposed IPO

Massimo Group (MAMO) has filed for a proposed IPO.

The company describes itself as: “We believe we are a leading company in the mid-tier band the (“Mid-Tier Band”) of the Powersports Vehicles and Boats Industry (as defined in “—Industry Developments below), which our management considers to be those manufacturers that produce a wide range of ATVs, UTVs, and Pontoon Boats cater to customer needs but do not yet have the international operations and market share of the top-tier band (the “Top-Tier Band”) of the Powersports Vehicles and Boats Industry, which would include companies such as Polaris (NYSE:), Bombardier (OTC:) Recreational Products (BRP (NASDAQ:)), Arctic Cat, Honda (NYSE:) and Yamaha. In 2020, we became one of the 15 largest pontoon manufacturers in the United States. Our emphasis on providing the sports enthusiast with powerful, affordable, and reliable products has enabled us to grow annual revenues and net income to in excess of $86 million and $4 million, respectively, in the twelve months ended December 31, 2022 (“Fiscal 2022”), and in excess of $75 million and $6 million, respectively, in the nine months ended September 30, 2023, since entering the industry in 2009.”

Roth Capital Partners and Craft Capital Management will serve as underwriters.

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