The Helbiz team had ICO in 2018.
Helbiz coin holders lost their money.
Now Helbiz is going to IPO.
Helbiz coin holders filed a class-action case against Helbiz Inc., Salvatore Palella and others.
Case filed in New York Southern District Court on June 19, 2020

Is this a SCAM? Helbiz IPO, 2019

05.06.19

Helbiz intends to make a dual IPO: NASDAQ Usa And Borsa Italiana's Aim Italia

Update from May 5, 2020. Helbiz team close Helbiz coin and announce HBZ swap to ETH for HBZ holders.

Update from June 19, 2020. Helbiz coin holders filed class-action case against Helbiz Inc., Salvatore Palella and others in New York Southern District Court

After ICO in 2018, Helbiz team is going to make one more story. Helbiz is a project preparing for an IPO with Helbiz Inc.'s legal entity. But the Helbiz project raised $5m on pre-sale and $38m in February 2018 at ICO (Initial Coin Offering) for crypto-currency Helbiz coin (HBZ) to Singapore based company HELBIZ MOBILITY SYSTEM PTE. LTD. Look at archived helbizcoin.io , and Etherscan , *original helbizcoin.io was deleted by Helbiz team

Helbiz team got money from tokensale to develop Helbiz, include Helbiz Pay.. Now, Helbiz team, probably, deceived all their crypto-investors and are trying to hide all connections with the ICO before IPO. Maybe they will use dishonest financial reporting for SEC. Helbiz team thinks that if they use different legal entities, nobody knows the truth.

It looks like Helbiz team try to mislead Americans and Italians with an IPO.

NASDAQ supports Helbiz till the beginning (NASDAQ has deleted the article, here is Google Cache) — article from January 29, 2018, that mention Helbiz coin. As a first point, we would like to say the apparent friendship of Helbiz CEO Salvatore Palella with some members of Nasdaq.

Last year Helbiz team sometimes have been visiting NASDAQ.
And Borsa Italy:
So, on June 5, 2019, there was announced:
NEW YORK (June 6, 2019) Helbiz, Inc. ("Helbiz" or the "Company"), an intra-urban transportation solution that allows users to instantly rent electric scooters directly from the Helbiz mobile app, today announced the intention to file an Initial Public Offering on NASDAQ. Helbiz intends to dual list on the AIM Italia exchange, a multilateral trading facility organized and managed by Borsa Italiana S.p.A.
We remind you, that the Helbiz team ignore ICO investors and Helbiz coin holders, renamed Helbiz coin to HBZ coin, left official chats and channels. A lot of crypto-investors lost their money.

Look, this is the video from Helbiz ICO strategic session with Salvatore Palella, Jonathan Hannestad, Lorenzo Pellegrino from Skrill *This video deleted by Helbiz Inc. request from YouTube post , archived link

Finally, the capitalization of Helbiz coin felt down from 38m to 200 000 $.
.

Is this a good idea to invest in Helbiz IPO?

We recommend you don't invest in this project.

Helbiz team, probably, - is the team of Italian scammers that try to get money from more investors.
Pointed to our ICO experience, we see that the Helbiz team thinks they are willing to abandon their promises for investors any time, and you can lose your money. Be careful!

Is this a good idea to invest in Helbiz coin?

We recommend you don't invest in Helbiz coin. If you invest in crypto-actives, we still believe Helbiz coin is one of the most undervalued and high-potential tokens.

Point to a reliable team and partners, real mass-adoption product, and live payment in the Helbiz app.

But ICO investors and Helbiz coin holders have no idea what's going on. No information, no contact, the company is closed.

For now, the Helbiz team, probably,abandoned the ICO Project, where they raised more than $35 million dollars, and we all lost our money, it looks like finally scammed.