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Lucid Motors goes public, collects $4.5 billion

The Verge

Shares of the Saudi-owned , California-based startup began trading on the Nasdaq stock exchange Monday morning. The public listing is the second in the last week for the industry; fellow EV startup Faraday Future became a public company listed on the Nasdaq last Thursday and raised $1 billion in the process.

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SNK is now almost entirely owned by the Saudi crown prince’s foundation

The Verge

percent of SNK’s shares, according to a February 15th filing on SNK’s website ( PDF ). Recently, Saudi Arabia has made some big investments in the gaming industry. Electronic Gaming Development Company (EGDC), which is owned by the Mohammed bin Salman Foundation (MiSK Foundation), holds 96.18 percent stake in SNK.

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Lucid is raising prices on its luxury Air EV by as much as 13%

TechCrunch

All existing reservation holders will not experience price hikes, the company said, noting that updated pricing for Canada will be made public on June 1. The company also noted that it recently signed a deal in which the government of Saudi Arabia committed to purchase up to 100,000 electric vehicles from Lucid over the next 10 years.

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Chip company Arm files for Nasdaq listing in IPO anticipated to be this year’s biggest

TechCrunch

based chipmaker owned by Japan’s SoftBank since 2016, has filed for a Nasdaq listing under the ticker symbol “ARM,” five months after announcing it had filed confidential, preliminary IPO paperwork with U.S. Arm, the U.K.-based regulators. That’s twice the $32 billion SoftBank paid for Arm seven years ago.

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Rivian’s IPO filing reveals Amazon’s prime influence

The Verge

Plus more details about Ford’s relationship with the buzzy EV startup EV startup Rivian has spent most of its life shrouded in secrecy, but now that it’s going public, that protective veil is lifting. The filing , known as the Form S-1, serves as a sort of ultra-detailed pitch to the financial markets.

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Apple, Samsung partner Servify raises $65 million for its devices after-sales and management platform

TechCrunch

Servify, a startup that manages lifecycle of devices for several popular smartphone vendors including Apple and Samsung in many markets, has raised $65 million as it eyes becoming a public company in two years. Once it ensures 18-20% profitability, Servify plans to file for an initial public offering, he said.

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Fisker and Karma raise millions of dollars following wave of Tesla optimism

The Verge

The money comes at a time when there appears to be renewed interest in funding money-hungry electric vehicle startups, thanks in large part to Tesla’s skyrocketing stock price and the early success of hydrogen trucking company Nikola’s recent public listing. wants to take the same shortcut to being public that Nikola used. Fisker Inc.

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