Luminar was up 36% on Friday at $31, that’s too expensive. However, the stock sank on the first day of trading.Why did the stock decline so much? To compound the problem, Innoviz just became the lastest lidar manufacturer to announce its intentions to go public by merging with the SPAC Collective Growth (NASDAQ:CGRO). VELODYNE LIDAR IS NOW A PUBLIC COMPANY! Velodyne are pioneers in lidar technology. Velodyne becomes latest tech company to go public using a SPAC, eschewing the traditional IPO path July 6, 2020 Velodyne Lidar, the leading supplier of a sensor widely considered critical to the commercial deployment of autonomous vehicles, said it has struck a deal to merge with special-purpose acquisition company Graf Industrial Corp., with a market value of $1.8 billion. Velodyne went public through a SPAC in September. Daimler Truck invested in the company at the SPAC valuation (around $10 a share) which is what retail investors should consider investing at, not the $22.97 per share it sits at currently. Velodyne Lidar went public through the SPAC route on Sept. 18. In June, Velodyne Lidar struck a deal to merge with special purpose acquisition company Graf Industrial Corp., with a market value of $1.8 billion. … Luminar followed the Velodyne SPAC with much the same value proposition, but less revenues to show for (2020 revenues are expected to be around $15 million). Lidar Startup Said in Talks to Merge With Linton’s SPAC Thiel-Backed Luminar to Go Public in $3.4 Billion Merger Velodyne Lidar to Go Public In Merger With Blank-Check Firm Graf Ouster, which aims to generate about $19 million revenues in 2020, is notably the fifth LIDAR stock to take the SPAC IPO route this year following the footsteps of Velodyne Lidar … Velodyne Lidar: Primed to Lead in the Age of Autonomy, Say Analysts. The Merger Date - "I know pronounce you SPAC and SPAC". Börsengänge via SPAC sind an der Wall Street derzeit angesagt, doch zuletzt gaben die Kurse der „heißen“ IPOs reihenweise stark nach – auch bei Velodyne. In early October, Velodyne Lidar Inc. (NASDAQ: VLDR), another tech firm that makes lidar sensors for autonomous vehicles and drones, came public courtesy of Graf Industrial, a SPAC … Click on image to download pdf report. As of September 29, 2020, Velodyne Lidar officially combined with Graf Industrial Corp., a subsidiary of a publicly traded special purpose acquisition company (a.k.a. Most brokerages still won't have the new ticker on their platforms for hours to days. Compare that to Luminar’s $15.2 revenue forecast. The company said it was able to raise $150 million in private investment in public equity, or PIPE, from … The lidar technology sensors will be used to improve pedestrian safety, monitor safety, enhance parking safe management and speed measurement. While the … The merger paperwork values the combined company at USD $1.6bn, and Graf Industrial will be renamed Velodyne Lidar. Lidar Competition: Innoviz is the fourth company to seek a SPAC to take its lidar business public. In theory, he could be the next Elon Musk. We are thrilled to have … The lidar is intended to be placed indoors to track people as they move around in a public space. As a result of this business combination, on September 30, 2020 Velodyne Lidar began trading as a public company on NASDAQ with the ticker VLDR. As a real-time application demonstration of the significant value that Velodyne’s lidar can bring to smart city applications, Velodyne and Qualcomm Technologies plan to deploy a Velodyne sensor on the Qualcomm Smart Campus. Remember, the stock market is about 15-20% overvalued in 2020. Velodyne Lidar (NASDAQ:VLDR) ... 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