“It's highly profitable and cash flow positive beyond anybody's expectations,” Rimac CEO Mate Rimac told Reuters in an interview at the UK offices of the carmaker's Rimac Technology unit in Warwick. “It's such a win-win situation for everybody.
Rimac's CEO said the group must become more like Ferrari with a predictable, stable and profitable business before it can contemplate an initial public offering.“What I want to have is some kind of stability and certainty before we do an IPO because we don't want to make promises we can't keep.” An IPO could happen any time from three years to a decade from now, and could involve going public as a group or spinning off a unit, he said, but is definitely coming because “we obviously have financial investors that at some point want to exit.”