Electric start-up Lordstown Motors to be listed on stock exchange at $2.25 billion

Lordstown Motors is set to go public, with the American electric pick-up start-up to be listed on the Nasdaq stock market in late 2020. Following the success stories of rivals Nikola, Rivian, Fisker, and Tesla, Lordstown is expected to be listed at an initial valuation of $US1.6 billion ($AU2.25 billion) thanks to a merger deal with DiamondPeak Holdings.