Is Sila Nanotechnologies IPO happening in 2022?

Highlights:

• Last year, Sila Nanotechnologies announced it raised US$ 590 million in a funding round that valued the company at around US$ 3.3 billion.
• Sila Nanotechnologies has replaced graphite in a battery cell's anode with silicon, allowing the creation of a cheaper and energy-dense battery.
• On Monday, March 14, it appeared that people were looking up the IPO plans of Sila Nanotechnologies.

In an equity market, the prospects of earning high returns in less time often guide traders towards pre-IPO stocks. However, it is not necessary that people make money by investing in pre-IPO stocks, and sometimes they lose their money.

In 2022, the IPO (initial public offering) market has not performed well compared to the previous year. This could be due to macroeconomic factors, including the recent war between Russia and Ukraine.

However, it appears that the IPO market remains an area of interest for potential investors. On Monday, March 14, it appeared that people were looking up the IPO plans of Sila Nanotechnologies. This company manufactures high energy density lithium-ion batteries for electric vehicles (EVs).

On that note, we are exploring more about Sila Nanotechnologies in this article and find out if it is going public.

Sila Nanotechnologies IPO happening this year?

First things first, Sila Nanotechnologies has not announced its IPO plan. There is no information from the company about its public debut plans.

Last year, the company announced it raised US$ 590 million in a funding round that valued the company at around US$ 3.3 billion. The Series F funding round was led by venture capital firm Coatue and the company's investors include Canada Pension Plan Investment Board, Bessemer Venture Partners, and Sutter Hill Ventures.

The funds were expected to be used by Sila Nanotechnologies to develop a 100 GWh plant in the United States. The plant would produce anode material using silicon and sell it to automotive and smartphone customers.

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Notably, the company has partnerships with Daimler, BMW, and ATL. Sila Nanotechnologies aims to start mass adoption of electric vehicles through its higher-density batteries.

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Bottom line

As per the company statement, the world is migrating towards EVs and a renewable-based energy system to address climate change. Sila Nanotechnologies claims that the global battery production is scaling up, and from 20 GWh in 2010, it would reach up to 2,000 GWh per year by 2030 and 30,000 GWh by 2050.

The company has replaced graphite in a battery cell's anode with silicon, allowing the creation of a cheaper and energy-dense battery.

Due to its disruptive battery chemistry, Sila Nanotechnologies could grow rapidly in future and attract more partners.

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Please note, the above content constitutes a very preliminary observation or view based on digital trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.