Nikola Skyrockets After IPO – CFO

Nikola Corporation designed a aspiration Wall Road debut past week.

Nikola, a manufacturer of battery-electric powered and hydrogen-electric powered autos, EV powertrains, electrical power storage units, and hydrogen fueling infrastructure, designed its debut by way of an acquisition by VectoIQ, a blank check out enterprise led by previous Typical Motors Company executives.

VectoIQ, which was fashioned to devote in sensible transportation field, went community in May perhaps 2018 by supplying twenty million models at $10 each. The models were stated on the Nasdaq under the ticker symbol VTIQU.

With the completion of its business combination with VectoIQ on June two, Nikola was stated on the Nasdaq under the ticker symbol NKLA June 4.

In its debut session Thursday, Nikola inventory opened at $37.55 and rose to a higher of $38.88 before pulling again and settling at $33.ninety seven. The inventory included an incremental 6.6% Friday before ending at $35.ninety seven.

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