Garland motorsports firm Massimo Group to go public with expansion in its path

News Snapshot:

Massimo Group, a Garland-based motorsports company that manufactures and distributes off-road vehicles, boats and more, is looking to raise more than $6 million in an initial public stock offering on the Nasdaq. Massimo plans to offer 1.3 million shares in a range between $4 to $5 by Monday. That would give the company a market value of $186 million, according to IPO tracking firm Renaissance Capital. Advertisement The stock sale will help Massimo expand business operations at its 286,000-square-foot facility in Garland and beyond, according to a Securities and Exchange Commission filing supporting the IPO. Its 122 employees make and...