Nikola Company built a dream Wall Road debut last 7 days.
Nikola, a producer of battery-electric and hydrogen-electric cars, EV powertrains, electricity storage methods, and hydrogen fueling infrastructure, built its debut by way of an acquisition by VectoIQ, a blank look at organization led by previous Normal Motors Company executives.
VectoIQ, which was formed to make investments in good transportation industry, went public in Might 2018 by offering 20 million models at $10 just about every. The models ended up outlined on the Nasdaq under the ticker symbol VTIQU.
With the completion of its small business mixture with VectoIQ on June two, Nikola was outlined on the Nasdaq under the ticker symbol NKLA June four.
In its debut session Thursday, Nikola inventory opened at $37.fifty five and rose to a high of $38.88 just before pulling again and settling at $33.ninety seven. The inventory extra an incremental 6.6% Friday just