New year, bigger challenges ahead for IPO market

This year may not prove to be the rich environment for initial public offerings that 2021 was, but there are potential deals in play.

In Charlotte, the list likely begins with EchoPark Automotive, currently the used-car subsidiary of Sonic Automotive Inc. In July, the Sonic board said it would undertake a review “considering a full range of potential (strategic) alternatives” for Echo Park, which could include making it a separate, publicly traded company.

Sonic (NYSE: SAH) has said little…

This year may not prove to be the rich environment for initial public offerings that 2021 was, but there are potential deals in play.

In Charlotte, the list likely begins with EchoPark Automotive, currently the used-car subsidiary of Sonic Automotive Inc. In July, the Sonic board said it would undertake a review “considering a full range of potential (strategic) alternatives” for Echo Park, which could include making it a separate, publicly traded company.

Sonic (NYSE: SAH) has said little… Read MoreCharlotte Business News – Local Charlotte News | Charlotte Business Journal