EV Maker Lucid to Go Public after Completing $12B Deal
Lucid Motors, an American manufacturer of electric vehicles (“EVs”), is set to go public after completing a merger with Churchill IV Capital Corp. (NYSE: CCIV). The merger deal is worth $11.75 billion. The EV maker is run by Peter Rawlinson, who formerly worked as an engineer for Tesla Inc. (NASDAQ: TSLA). Lucid comes as the most recent EV maker to enter the IPO market at a time when investors are flocking to the electric vehicle sector after seeing the way in which the shares of Tesla have surged in the recent past. Another factor that is accelerating investor interest in…