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LAZR - Luminar Technologies Inc News Story

$17.67 -0.4  -2.2%

Last Trade - 16/04/21

Market Cap £638.8m
Enterprise Value £638.5m
Revenue £n/a
Position in Universe 2946th / 6850

BUZZ-Peter Thiel-backed Luminar poised to rise in public markets debut

Thu 3rd December, 2020 2:07pm
** Shares of automotive sensor startup Luminar Technologies
Inc  LAZR.O  rise premarket, ahead of co's official public debut
on Thurs
    ** LAZR last up 23.3% at $22.20 before the bell on >1 mln
shares of volume
    ** Luminar to begin trading after announcing closing of its
reverse merger with special purpose acquisition co (SPAC) Gores
Metropoulos on Weds*:nBw1dxGDqa
    ** The $3.4 bln deal announced in Aug included cash from
Gores Metropoulos and financing by investors including tech
billionaire Peter Thiel, GoPro Inc  GPRO.O  founder Nick
Woodman, unit of Volvo AB  VOLVb.ST  and VectoIQ, firm that
helped Nikola Corp  NKLA.O  go public through a SPAC*:nL4N2FQ2K4
    ** Luminar is latest in string of auto SPAC-related debuts,
following EV battery maker QuantumScape Corp  QS.N , which began
trading last week, and that of electric carmaker Fisker Inc
 FSR.N , which IPO'd in Oct*:nL1N2ID13K

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
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