Why Ideanomics Stock Popped Today

Evan Niu, CFA, The Motley Fool
·2-min read
Why Ideanomics Stock Popped Today

Shares of Ideanomics (NASDAQ: IDEX) have popped today, up by 17% as of 11:50 a.m. EST, after the company filed for a $150 million stock offering. Ideanomics is tapping Roth Capital Partners as its agent to sell stock. The shares are being offered pursuant to a shelf registration that Ideanomics had previously filed.