The new shares of LiveWire Group Inc. charged higher in premarket trading Tuesday, as investors prepped for the debut of electric motorcycle company on the New York Stock Exchange.
The debut comes after LiveWire’s reverse merger with special-purpose acquisition company (SPAC) AEA-Bridges Impact Corp.
IMPX,
was completed. LiveWire was previously a subsidiary of Harley-Davidson Inc.
HOG,
and the motorcycle maker has retained a controlling interest in the e-motorcycle after the closing. Read more about Harley’s LiveWire.
LiveWire’s stock, now under the ticker “LVWR,” rallied 6.4% ahead of the open. The company boasts being the “first and only” electric vehicle (EV) motorcycle company in the U.S. to list on the NYSE.
Previously, the stock’s ticker when the company was still named AEA-Bridges was “IMPX.” Under that ticker, the stock had soared 20.7% on Monday, to snap a five-day losing streak in which it tumbled 23.3% to close Friday at a record low.
Harley-Davidson’s stock ran up 2.0% ahead of Tuesday’s open. It has climbed 13.1% over the past three months through Monday, while the S&P 500 index
SPX,
has lost 6.3%.
