Peter Thiel-backed Luminar Technologies Inc. briefly touched an all-time high within days of emerging as a standalone company as investor excitement over developers of laser-sensors that enable autonomous driving (lidar) ramped up.
Beverly Hills’ lidar sensor maker Luminar Technologies snowballs 30% in Nasdaq debut
Shares’ prices of Luminar Technologies Inc., the Beverly Hills, California-headquartered Lidar-sensor manufacturer for autonomous driving technology, witnessed an exploding rally at its Nasdaq-debut on Thursday.
Driverless Tech Is Here with the Gores Metropoulos SPAC
By now, I’m sure at least some of you are getting quite tired hearing about special purpose acquisition companies, or SPACs. Seemingly every other market debut is a SPAC, essentially a backdoor way of doing an initial public offering. Nevertheless, Gores Metropoulos (NASDAQ:GMHI) stock has attracted much attention and for good reason.
Alec Gores strikes again with biggest SPAC merger to date
The SPAC boom just became a little bigger. Gores Holdings IV, a special-purpose acquisition company that raised $425 million at the start of the year, has agreed to combine with United Wholesale Mortgage in a reverse merger that will value the mortgage origination provider at roughly $16.1 billion, marking the largest SPAC merger on record, the company said.
Insider Transportation: EV startups take a new road to public markets, airlines ditch change fees, and more
Even amid plagues, summer is the time for road trips. (Maybe especially amid plagues, when travel restrictions make a terrestrial trip more workable than flying.) But as we head into Labor Day and take a look back at the season, we’ve noticed a distinct lack of road shows.
Reid Hoffman, Zynga’s Mark Pincus aim to raise $600M for tech-focused SPAC
Reinvent Technology Partners, a new special purpose acquisition company formed by famed investor and serial entrepreneur Reid Hoffman, Zynga founder Mark Pincus and veteran hedge fund manager Michael Thompson, filed Monday for a $600 million initial public offering.