The DeLorean Motor Company is expected to go public, although the details of the offering have not been announced. Here's what we know about the IPO and how to buy DeLorean stock in Canada when it becomes available.
What we know about the DeLorean Motor Company IPO
The DeLorean Motor Company (DMC) is expected to go public, however, the date has not been announced. DMC is a Texas-based electric vehicle manufacturer that makes the car known for inspiring the iconic DeLorean time machine in the 1985 film Back to the Future.
CEO Joost de Vries confirmed that the company must go public to raise the funds needed to put DeLorean vehicles back on the market. The DeLorean Alpha5 sports car was revealed this year, the first of a lineup that could expand to include a sedan as well as a premium SUV, according to de Vries.
Details of the IPO, such as the timing, stock exchange, ticker symbol, size of the offering and expected share price, have not been announced. The DeLorean Motor Company has not yet filed a viewable prospectus with the Securities and Exchange Commission (SEC).
DMC is the successor of the original DeLorean Motor Company, founded by American auto executive John DeLorean in 1975. The company went bankrupt in 1982 after producing nearly 9,000 vehicles.
Stephen Wynne, a UK-born mechanic and DeLorean enthusiast, opened the existing company in 1995 and acquired the parts and rights to resume manufacturing the famed sports car.
A DeLorean IPO could signal a successful comeback for the auto brand after years of trying to penetrate the market. We'll keep this page updated as events unfold.
How to buy DeLorean Motor Company stock when it starts trading
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How do similar companies perform?
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy DeLorean Motor Company stock.
See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.
Company summary
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services. This segment also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners; and provision of service and repairs to its energy product customers, including under warranty, as well as various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name. It provides consumer services, such as digital financing and leasing, telematics-based insurance, vehicle maintenance and repair services, software services, and charging solutions. In addition, the company designs, develops, manufactures, and operates the Rivian Adventure Network Direct Current fast chargers, and offers access to Combined Charging Standard, as well as FleetOS, a proprietary, end-to-end centralized fleet management subscription platform. Further, it offers Rivian Commercial Van platform for Electric Delivery Van with collaboration with Amazon.com, Inc. The company sells its products directly to customers in the consumer and commercial markets. Rivian Automotive, Inc. was founded in 2009 and is based in Irvine, California.
Lucid Group, Inc. a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California. Lucid Group, Inc. operates as a subsidiary of Ayar Third Investment Company.
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