Lucid Motors Set to Debut With Valuation of Around $24 Billion

TheStreet2021-07-26

Lucid Motors spikes 10% on its first day of trading. Shares of Lucid Motors are set to make their debut in a reverse-merger with Churchill Capital that will value the electric vehicle start-up at ...

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Comments

JoanneTeng
2021-07-27
JoanneTeng
I’m in red for so long for CCIV….finally see some light?
DMC8
2021-07-27
DMC8
Nice
Newbie_21
2021-07-27
Newbie_21
Great.
Et1502
2021-07-27
Et1502
LCID went as high as $29.03. Guess this must bethe valuation price for $24B debut. Another way to look at it.
Sharkie
2021-07-26
Sharkie
with a valuation of $24B, what would be sn estimate price range ?
燃烧吧我的小宇宙
2021-07-26
燃烧吧我的小宇宙
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Churchill Capital will delist from the New York Stock Exchange.\nThe startup is expected to receive about $4.4 billion in cash from the transaction, after expenses, according to reports. Saudi Arabia's Public Investment Fund has invested more than $1 billion in Lucid. It will own about 60% of the company.\nThe reverse-merger deal, which faced last-minute challenges being approved due to difficulties communicating to retail investors holding the stock to vote, values Lucid at around $24 billion.\nIt also comes six months after Lucidannounced it was joining forces with Churchillin a bid to take on Tesla(TSLA) and other EV makers like Fisker(FSR) in the U.S. and NIO(NIO) and XPeng(XPEV) in China, though Lucid has its sights set directly on Tesla.\nSpecial-purpose acquisition companies, or SPACs, had been all the rage at the start of the year as companies looked to take advantage of what appeared to be a more streamlined effort to go public. They remain a popular option for raising capital,with 2021 marking a banner year in SPAC deals.\nThe Lucid Air has a price tag of around $70,000 after tax credits, while the Air Dream Edition will cost $162,000. 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Guess this must bethe valuation price for $24B debut. Another way to look at it.","listText":"LCID went as high as $29.03. Guess this must bethe valuation price for $24B debut. Another way to look at it.","text":"LCID went as high as $29.03. Guess this must bethe valuation price for $24B debut. Another way to look at it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809019030","repostId":1140668298,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":800471317,"gmtCreate":1627315198039,"gmtModify":1703487538951,"author":{"id":"3570070988174561","authorId":"3570070988174561","name":"Sharkie","avatar":"https://static.tigerbbs.com/631c9e9d4680a952704a2d3eef7bfbc8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3570070988174561","idStr":"3570070988174561"},"htmlText":"with a valuation of $24B, what would be sn estimate price range ?&nbsp;","listText":"with a valuation of $24B, what would be sn estimate price range ?&nbsp;","text":"with a valuation of $24B, what would be sn estimate price range ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/800471317","repostId":1140668298,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":800487085,"gmtCreate":1627312584147,"gmtModify":1703487474720,"author":{"id":"3577973342242790","authorId":"3577973342242790","name":"燃烧吧我的小宇宙","avatar":"https://static.tigerbbs.com/f355f30467c97ea6ebb736238d0d3c62","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3577973342242790","idStr":"3577973342242790"},"htmlText":"Liked","listText":"Liked","text":"Liked","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/800487085","repostId":1140668298,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":148,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1140668298"}