#Luminar stock ipo series

#Luminar stock ipo series

Luminar currently has series production contracts on passenger vehicles with Volvo and SAIC, a strategic agreement on trucking/logistics with Daimler Truck/Torc, and a sales agreement for LIDAR into robo-taxi AV solutions with Mobileye, the analysts noted.īofA said Luminar's commercial partnerships could give it a competitive advantage in the rapidly-growing lidar market, but added that the future successes for Luminar are somewhat unclear, as the company doesn't plan to start production until the end of next year. However, BofA sees upside for Luminar in the next 12 months, especially because of the company's promising partnerships with major auto companies. It is formed for the purpose of effecting a merger, capital stock exchange. Luminar's stock price soared 110% to over $47 in the first three days following its public debut back in December, but has fallen significantly since then. Gores Holdings X (NASDAQ: GTENU) announces 72,500,000 unit IPO at per unit. Luminar Technologies uses laser sensors, called lidar, that enable autonomous driving. Start investing in Luminar Technologies Inc - Class A stocks from.

On Tuesday a team of analysts led by Aileen Smith initiated coverage of the autonomous vehicle technology company with a 'neutral' rating and $23 price target, a roughly 40% gain from current levels. Buy Luminar Technologies Inc - Class A Shares from India at 8.38 (0 Commission) today. Luminar Technologies appears to be a leader in next-generation commercial lidar technology as evidenced by its automotive partnerships, according to Bank of America.