Velodyne Lidar announced that it has raised US$150 million in a reverse takeover and will be combining with Graf Industrial to go public in the third quarter of the year. It is expected that Velodyne will be listed on the NYSE under the symbol of VLDR. Pursuant to the business combination, Graf will acquire Velodyne through a reverse merger in which Velodyne is ascribed an enterprise value of approximately US$1.6 billion and equity value of approximately US$1.8 billion. Following the transaction and after payment of transaction expenses, Velodyne is expected to...