PIF-backed Lucid Motors makes trading debut on Nasdaq
- Date: 27-Jul-2021
- Source: Eye of Riyadh
- Sector:Financial Markets
- Country:Saudi Arabia
PIF-backed Lucid Motors makes trading debut on Nasdaq
Lucid Motors, the Californian electric vehicle (EV) carmaker majority-owned by Saudi Arabia's Public Investment Fund (PIF), will make its trading debut on New York's Nasdaq Global Select Market on Monday.
Listed under the new ticker symbol "LCID", the listing came about following the merger of Lucid and Churchill Capital Corp. IV "” a special purpose acquisition company "” on July 23. The EV firm will begin trading by ringing the Nasdaq opening bell on July 26.
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