The Lucid Motors IPO is about for Monday, as Churchill Capital Corp. IV prepares to take the luxurious electric-vehicle chief public in a extremely anticipated debut. Would Lucid Motors inventory be a purchase proper on the IPO?
Lucid Motors Inventory IPO
In February, Churchill Capital IV (CCIV) — a special-purpose acquisition firm (SPAC) — introduced a deal to take Lucid Motors public, valuing the corporate at $24 billion. The corporate goes public “to speed up into the subsequent section of our progress,” Lucid Motors CEO Peter Rawlinson mentioned.
A SPAC, also referred to as a blank-check firm, is a