Their stock opened with $30.00 in its Dec 3, 2020 IPO. That made Russell’s stake of 104.7 million shares — about a third of the company’s outstanding stock — worth $2.4 billion, according to Forbes, which called him the world’s youngest self-made billionaire. Luminar Technologies IPO Details On December 3, 2020, shareholders approved the deal. The merger aims to get Luminar’s lidar laser sensors onto global automakers’ production lines. Luminar Technologies shares drop 3% after short-seller Citron calls stock a 'suckers game' Dec. 08, 2020 10:55 AM ET Velodyne Lidar, Inc. (VLDR) By: Brandy Betz , SA News Editor 89 Comments As Coinspeaker reported, the … 12/08: LUMINAR TECHNOLOGIES, INC./DE: Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Unregistered Sale of Equity Securities, Material Modification to Rights of Security Holders, Changes in Registrant's Certifying … LAZR Stock: Why Luminar Technologies Shares Are Driving Higher Wednesday Dec. 16, 2020 at 11:45 a.m. NYC man who breached US Capitol seen for first time since siege, The Weeknd shows real face after 'plastic surgery' shocked fans, CEO says breaching Capitol was 'single worst' decision of his life, Horrifying video shows Capitol cop getting crushed by Trump supporters, Teen shames 'brainwashed' mom who got punched in face at Capitol riot, Kamala Harris' top economic advisor is another BlackRock exec, JPMorgan Chase accused of purging accounts of conservative activists, Millions of stimulus checks sent to wrong bank accounts, tax firms claim, Rachel Uchitel says she’s ‘target’ of new beau’s wife, Jeffrey Epstein was potential target in a ‘Catch A Predator’-style sting, Prince Harry and Meghan Markle quit social media for good, © 2021 NYP Holdings, Inc. 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Data is currently not available. “We set up the company to be a long-term sustainable business and power the future of autonomy for all of these automakers.”. What we know about the Luminar Technologies IPO. About Luminar Stock. Buy or sell Luminar stock pre IPO via an EquityZen fund. Source. Request Access. Gores Metropoulos is a special purpose acquisition company (SPAC) affiliated with the Gores Group investment firm. Luminar has continued to ink high-profile deals even in the pre-merger phase. Lidar stocks like Velodyne and Luminar Technologies rallied Tuesday on a report that Apple could make a self-driving car by 2024, while Ouster said it would go public via a blank-check company.. X Boards. GoDaddy Stock Looks Like a Buy Due to Digital Potential, U.K. Looking at the price targets, the low is -6.63% off current price level while to achieve the yearly target high, price needs to move +27.61%. Luminar Technologies Inc. LAZR, -5.92% shares rallied nearly 40% Friday, doubling in its two days as a public company following a merger with a … Do Not Sell My Personal Information. Luminar Technologies market cap is $11.4 b.. View Luminar Technologies stock / share price, financial statements, key ratios and more at Craft. While Russell said it can be hard for the market to value new technologies that lack existing market comps, he noted Luminar is working with … Luminar is a maker of lidar, a technology that uses pulsed laser beams to measure distances that are used in most self-driving concepts. Nachrichten zur Aktie Luminar Technologies Inc Registered Shs -A- | A2QDGP | LAZR | US5504241051 What we know about the Luminar Technologies IPO On December 3, Luminar Technologies, a company that manufactures automotive LiDAR technology, went public through a merger with special purpose acquisition company (SPAC) Gores Metropoulos. It is trading at 348 times 2021 revenue, not earnings -- an absolutely absurd valuation. Lidar stocks like Velodyne and Luminar Technologies rallied Tuesday on a report that Apple could make a self-driving car by 2024, while Ouster said it would go public via a blank-check company.. X By teaming up with an SPAC, a startup can go public quicker without the scrutiny and risks associated with an IPO. Further, Luminar Technologies, Inc. (LAZR) has a beta value of 0, and an average true range (ATR) of 4.53. pic.twitter.com/gEyJD7NFX0, According to Forbes, Russell said, “This milestone is pivotal not just for us, but also for the larger automotive industry. View More Companies. Stocks; Commodities; Forex; Cryptocurrency; The Lounge; Hot! Luminar is registered under the ticker NASDAQ:LAZR . Luminar Technologies operates as a vehicle sensor and software company for passenger vehicles and trucks. Velodyne stock closed at $15.12 on Friday but traded up around 4.5% on … Luminar was bought in August by Gores Metropoulos Inc., backed by billionaires Alec Gores and Dean Metropoulos. Note: all dollar amounts on this page are in US dollars unless otherwise stated. Under Russell’s leadership, Luminar has inked a deal to supply lidar units for Volvo vehicles and secured partnerships with Daimler Truck and Mobileye, Intel’s autonomous vehicle unit. ... cheaper route to going public and raising funds than a conventional IPO, and one that looks particularly appealing given the runup in major U.S. stock … Gores Metropoulos will pay $400 million in cash, which it raised in an IPO in November 2019. Support: 888-992-3836 | NewsWire | Home | Login / Register. Products. Sitemap That is because … He left Stanford University as a teenager in 2012 to start Luminar with help from a fellowship sponsored by Peter Thiel, the Silicon Valley tycoon who’s also invested in Facebook and Palantir. 2,387, This story has been shared 1,771 times. Current Luminar investors will receive about 272 million shares of Gores Metropoulos common stock at closing. The sensors bounce lasers of objects to guide autonomous vehicles. On Monday, Aug. 24, Luminar Technologies announced that it is going public through a $3.4 billion merger with Gores Metropoulos. Luminar is the latest buzzy company to go public by merging with a special purpose acquisition company, or SPAC, a publicly traded firm that’s set up solely to combine with another firm that takes over its stock listing. iRhythm Technologies price target raised to $265 from $240 at Truist Securities, stock rated buy Wed, 6 Jan 2021 09:55:23 UTC via MarketWatch; Shoals Technologies Group Begins IPO Plan Tue, 5 Jan 2021 17:13:49 UTC via Seeking Alpha; Uber Technologies price target raised to $80 from $54 at Deutsche Bank Mon, 4 Jan 2021 07:55:53 UTC via MarketWatch Get today's Luminar Technologies stock price and latest LAZR news as well as Luminar Tech real-time stock quotes, technical analysis, full financials and more. The Florida-based firm — which he founded when he was just 17 — makes so-called lidar scanners that use lasers to give autonomous cars a three-dimensional view of the road and what’s around them. Investors. Luminar IPO luminartech.com | Autonomous Technologies | Founded: 2015 | Funding to Date: $130,000,000 Luminar was founded in 2012 by Austin Russell and Jason Eichenholz. December 4, 2020 | 9:10am | Updated December 4, 2020 | 5:35pm. Luminar IPO luminartech.com | Autonomous Technologies | Founded: 2015 | Funding to Date: $130,000,000 Luminar was founded in 2012 by Austin Russell and Jason Eichenholz. LUMINAR TECHNOLOGIES A AKTIE und aktueller Aktienkurs. Thanks for contacting us. Luminar Technologies Inc. LAZR, -5.92% shares rallied nearly 40% Friday, doubling in its two days as a public company following a merger with a blank-check company. Because we built it. Contributor. Its financial growth will reportedly depend on turning its research partnerships into production deals. Sorry, your blog cannot share posts by email. 1h zacks.com - Investors in Luminar Technologies, Inc. (LAZR Quick QuoteLAZR - Free Report) need to pay close attention to the stock based on moves in the options market lately. ET. Athletic Company JD Sports Gets a U.S. Investors in Luminar Technologies, Inc. LAZR need to pay close attention to the stock based on moves in the options market lately. Gores Metropoulos will pay $400 million in cash, which it raised in an IPO in November 2019. Although both companies’ boards have approved the deal, it’s still subject to regulatory and stockholder approvals as well as other closing conditions. Luminar, Driverless-Car Maker, Plans $3.4B Reverse-Merger IPO Luminar, an autonomous-driving company, will go public through a merger with blank-check company Gores Metropoulos. According to the U.S. Securities and Exchange Commission (SEC) filings, Russell will own about a … The merger should close in the fourth quarter of 2020. Investors seek businesses with higher growth amid the COVID-19 pandemic. The merger is expected to close in 2020’s fourth quarter. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. LUMINAR TECHNOLOGIES, INC. (E xac t N ame of R e gi s tr an t as S p e c i fi e d i n I ts C h ar te r ) D e l aw are 3714 83-1804317 (State or O the r Jur i s di c ti on of I nc or por ati on or O r gani z ati on) (P r i mar y Standar d I ndus tr i al Cl as s i fi c ati on Code Numbe r ) (I .R.S. Best SPAC to buy now!!! Legal Name Luminar Technologies, Inc. Stock Symbol NASDAQ:LAZR ; Company Type For Profit; Contact Email [email protected]; Founded in 2012 by CEO Austin Russell, Luminar is the leading autonomous vehicle and lidar technology company for consumer cars and trucking. Luminar is partnered with 7 of the top 10 global automakers and is set to power the introduction of highway self … Russell is one of the first billionaires to emerge from the self-driving vehicle market. Shares of LAZR stock will be available after Luminar Technologies and Gores Metropoulos completed their "business combination" on Thursday. The company has projected long-term annual revenues in the billions of dollars, but it posted a nearly $95 million net loss last year on just about $13 million in revenue. On December 3, 2020, Luminar Technologies, a company that manufactures automotive LiDAR technology, went public through a merger with special purpose acquisition company (SPAC) Gores Metropoulos. The company went public on Dec. 3 … At this point, GMHI stock is up just 5.5% from its IPO price of $10. Russell received a $100,000 fellowship from Thiel’s foundation in 2013 to build up the company. Luminar Technologies, Inc. (LAZR) latest earnings report: revenue, EPS, surprise, history, news and analysis. it does not seem to include any kind of premium that other SPAC stocks have had … As a result, Luminar Technologies stock started trading. Data is currently not available. 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