Luminar ipo3/23/2023 ![]() ![]() “Self-driving is quickly becoming a reality. He also says that LAZR stock could be a big winner in the next few years. However, InvestorPlace contributor Luke Lango reported recently that Luminar holds a competitive advantage because of its product’s cost and performance. The other leading contender is Velodyne (NASDAQ: VLDR). In addition, it’s also possible that vehicle manufacturers will utilize a combination of tools and seek the benefits they offer.Īlso, although Luminar is not the only lidar producer, it is considered by many to be the leader of the sector. Ultimately, the market may consolidate around one or two offerings, but this is a long way off. Companies are working feverishly to prove their ideas and bring them to the emerging marketplace.Īnd that is especially true in this emerging segment. The existence of competing systems is not uncommon in a developing technology. It works differently than the camera-based systems deployed by Tesla (NASDAQ: TSLA). The laser system helps an autonomous vehicle to see. Luminar developed a system called lidar, which means light detection and ranging. The company’s market cap is about $10.2 billion. The stock’s range so far is $9.45 to $47.80. LAZR stock surged once the company reached the market and then fell for half a week or so before partially recovering its loss. After hovering in the $10 range, the shares began climbing in the weeks prior to the reverse merger. Luminar, based in Orlando, Florida, went public in December 2020. But it is involved in the transportation industry, and its products may very well be used in EVs to enable assisted and autonomous-driving systems. This was especially the case in the electric-vehicle segment, where several nascent EV hopefuls used SPACs to reach the market.Īlthough LAZR stock arrived via a SPAC merger, Luminar is not an EV company. That’s because investors do not have the same amount of information that is available from an IPO. However, SPACs are not as transparent as companies that conduct IPOs. This process is usually cheaper and easier than the traditional IPO. The formerly private firm remains, gets a ticker and is traded in an equity market. When a partner is found and the merger takes place, the acquisition company then fades away. It has a limited time to merge with a private partner. When a SPAC deal occurs, a specially purposed acquisition company conducts an initial public offering. The company went public by merging with a special purpose acquisition company, or SPAC. Luminar Technologies is fairly new to the stock market. When it comes to Luminar, the outlook is mixed. So, investors are left with their research and experience to guide them. There’s really no way to know for sure how the relationship is going to work out. And an investor’s relationship with a company is one such situation. But first impressions can turn out to be wrong in many circumstances. At first glance, LAZR stock appears to be attractive – a slam dunk, even.
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