[Innoviz in The Business Journals] Innoviz set to begin trading Tuesday as fifth lidar company to go public via SPAC merger

Innoviz Technologies Ltd. is set to begin trading on Nasdaq Tuesday as the fifth lidar business in the Bay Area to go public by merging with a “blank check” company. Innoviz will start with a market cap of around $1.4 billion, based on the Monday stock price of Collective Growth Corp., the Austin, Texas-based special purpose acquisition company (SPAC) it is merging with. The SPAC’s stock (Nasdaq:CGRO) traded last week below its $10 IPO price but bumped back up above that mark in early trading on Monday.

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