Innoviz Technologies is an Israeli company that develops LiDAR sensors for self-driving cars. The company is expected to go public via a merger with Collective Growth Corporation, a special purpose acquisition company (SPAC).
LiDAR technology company Innoviz Technologies is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. No date has been announced yet.
The SPAC, Collective Growth Corporation, originally went public in 2019. After the merger, the company will trade on the Nasdaq under the ticker "INVZ."
Once Innoviz goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Innoviz can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
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