Shares of Xos Trucks finished 14.5% lower in their first day of public trading Friday as the electrification startup met the disdain that other emissions-free truck makers and infrastructure companies have endured.
The shares opened at $8.64 on the Nasdaq, rose to $9, and then fell as low as $7.27 before closing at $7.55. At that price, shareholders who purchased stock of NextGen Acquisition Corp. — the special purpose acquisition company sponsor of Xos — are in a loss position from the...
https://www.freightwaves.com/news/xos-trucks-shares-drop-145-on-1st-day-of-public-trading