Lucid Motors agrees to go public with a valuation of $ 24 billion
(Bloomberg) – Lucid Motors Inc. is merging with a blank check firm run by financier Michael Klein that values the combined entity for a pro-forma value of $ 24 billion, the largest in a series of deals involving EV startup The automaker has avoided comparisons with market leader Tesla Inc., but the public listing positions it to compete for a slice of what is expected to become a rapidly growing market for electric vehicles. The deal, which confirms an earlier Bloomberg News report, will generate about $ 4.4 billion in cash for the 14-year-old …
Read more from source
Copyright @ finance.yahoo.com
- According to this source Apple users could spend more on non-gaming mobile apps by 2024
- Check the more updates related to Apple Tips and Apple news now.
I hope you love this news please Share your love by following us on Facebook and Twitter for the latest apple news informationon and updates like Apple users could spend more on non-gaming mobile apps by 2024
from our channels.