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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