By Amber Deter A Lucid Motors IPO was announced yesterday. The electric vehicle (EV) company said it’s officially in the process to offer Lucid Motors stock. Like many, this offering isn’t coming via traditional IPO. But when can investors expect Lucid Motors to go public? And is it a good investment opportunity? Here’s what we know…
Lucid Motors IPO: The Business
Lucid Motors is an EV company headquartered in Newark, California. Former Tesla director Bernard Tse co-founded the company in 2007 as Atieva. Its initial focus was battery packs for Chinese vehicles, but it shifted to manufacturing cars in 2014.
Lucid Motor’s market is primarily U.S. …read more