![]() “Lucid Air represents the next generation of EVs and creates new standards for interior comfort, range, efficiency and power. “Lucid’s mission is to truly mass industrialize electric cars and electric powertrain systems through the development of the most advanced technology imaginable,” said Peter Rawlinson, CEO and CTO of Lucid Group. ![]() The largest investor is still the Saudi sovereign wealth fund PIF, which had joined Lucid in 2018. By the way, Lucid’s ticker symbol is LCID. On the first day of trading on the Nasdaq technology exchange, the share price of Lucid Group Inc, as the merged company is officially called, rose by up to eleven per cent. SPACs are investment firms set up precisely for the purpose of merging with another company, hence the name “special-purchase acquisition company” (SPAC). According to the announcements at the time, the merger with SPAC Churchill Capital and the listing were to raise a total of 4.4 billion dollars (equivalent to 3.6 billion euros). The plans for the IPO had been announced by the company led by ex-Tesla engineer Peter Rawlinson in February. ![]() The share price rose significantly on the first day of trading on Nasdaq. The Californian electric car manufacturer Lucid Motors is now listed on the stock exchange as LCID after a SPAC deal with Churchill Capital IV (CCIV). IG International Limited receives services from other members of the IG Group including IG Markets Limited.BEV CCIV IPO Lucid Air Lucid Motors Startup stock market USA IG International Limited is part of the IG Group and its ultimate parent company is IG Group Holdings Plc. The information on this site is not directed at residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. The information in this site does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for transaction in any financial instrument. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money.ĬFD Accounts provided by IG International Limited. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail client accounts lose money when trading CFDs, with this investment provider. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Consequently any person acting on it does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. This information has been prepared by IG, a trading name of IG Markets Limited.
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