Saudi-backed Lucid to near deal to go public

article author:
Arab News
Author:
Sun, 2021-02-21 15:19

RIYADH: Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein (SPAC) that could be announced early next week, according to people familiar with the matter, according to Asharq Bloomberg.

The combined entity will be valued at as much as $15 billion.

Main category:
Business & Economy
Tags:
Lucid Motors
Finance

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