Admittedly, the risk of buying IPOF stock isn’t as massive as it looks at first glance. all you people who didnt buy the dip going to regret it in 6 months lol. The trend started amid Tesla having incredible performance on the stock market and other EV companies attempting to ride the momentum and raise more money. IPOF will reach eventually that target even if it's not rivian lol geeeet in, I wouldnt be surprised if someone else snaps them up anyway, Moving Average Convergence Divergence (MACD), SHOP Is Becoming Unstable - Minervini Dissection, It's Time To Have An Opinion On Auto Ecommerce. Edward Ludlow. Yahoo Finance UK. In February 2019, Rivian received a $700 million round of funding led by Amazon, and Ford invested $500 million in the electric pickup startup just two months later. More. Social Capital Hedosophia Holdings Corp. VI NYSE: IPOF $10.56 down $0.03 (-0.28%) SPCE. Fred is the Editor in Chief and Main Writer at Electrek. So what comes next? Whats up YouTube, its the German Finance Guy looking to find the best stocks and share the news. How Tesla pivoted to avoid the global chip shortage, Citroën's $6,000 electric 'car' is coming to the US, Vertical turbines could be the future of wind energy, You’re reading Electrek— experts who break news about, Get interesting investment ideas by Fred Lambert, ChargePoint Home WiFi Enabled Electric Vehicle (EV) Charger, Electric Vehicle Price Guide – best prices for dealers in the US, Electric pickup truck maker Rivian aims for $50 billion IPO, Rivian received a $700 million round of funding led by Amazon, Ford invested $500 million in the electric pickup startup, Cox Automotive as an investor with a $350 million round, Subscribe to Electrek on YouTube for exclusive videos. Rivian have apparently issued a statement strongly denying any connection to this. Rivian is an electric vehicle manufacturer, best known for its SUVs and pickup trucks. I bought a starter position in this today on the rumors that IPOF will be merging with Rivian, the second most high profile EV company behind Tesla & part owned by Amazon. Founded in 2009, Rivian is an automotive technology company developing an integrated portfolio of products and services to advance the shift to sustainable mobility. - Feb. 10th 2021 1:28 pm ET. Social Capital Hedosophia Holdings Corp VI NYSE Updated Apr 29, 2021 4:58 PM. Social Capital Hedosophia Holdings Corp. VI intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology industries. Merger will: SBE Bull: 01/08/21 11:03:06 AM Rivian, the maker of trucks and SUV's, starts at just 67-70k before tax credits. you can outsmart most traders by thinking long term. IPOF 10.59 0.02 (0.19%) Post-Market 0.04 (0.38%) 19,953. Fred Lambert. Current long … if they do that it's going to end up above $100 post-merger, and I'm sure the other unannounced ones will do well too. Sentiment. IPOE, the company behind the SoFi SPAC merger, brought in $700 million during its IPO. Show more. IPOF | Complete Social Capital Hedosophia Holdings Corp. VI Cl A stock news by MarketWatch. If Social Capital doesn’t merge with a target company, its shares will fall back to $10. While some of the deals have been criticized due to the fact that several of those companies have little to no revenue and/or not close to achieving production, it has also helped to funnel more money into the transition to electric vehicles. The merger deal valued at $2.4 billion is scheduled for closure by year end, post which the combined entity will be named ChargePoint Holdings Inc. and get listed on the NYSE. Tesla’s truck has a target price of $50,000 whereas Rivian’s starts at $69,000. Merged with Opendoor Technologies ( NASDAQ:OPEN ) . Social Capital Hedosophia Holdings Corp. VI(IPOF) fool.com - April 18 at 12:09 AM: Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF) Short Interest Update americanbankingnews.com - April 17 at 12:00 PM: WeWork set to go public in $9 billion merger with BowX finance.yahoo.com - March 26 … Rivian is an automotive technology company that develops products and services to advance the shift to sustainable mobility. It is expected to rival Tesla, Rivian, and Nikola in the electric vehicle market, one of the fastest-growing automotive segments worldwide. SPAC TRACK Twitter SPAC TRACK Now Introducing The Nightcap by SPAC Track A nightly newsletter recapping the day’s highlights in the SPAC world, including the deals, notable IPO’s & new S-1 filings. IPOF raised $1 billion in the IPO. Lucid Motors is an electric vehicle (EV) manufacturer in the process of entering the marketplace for environmentally friendly luxury sedans. On February 9th, 2021, Bloomberg reported that Rivian aims to IPO as early as September 2021 at a valuation of $50 billion or more. View real-time stock prices and stock quotes for a full financial overview. Reply Replies (4) 5 2. IPOD raised $700 million in the IPO, while IPOF is the largest SPAC from Palihapitiya. It topped off its 2019 with a massive $1.3 billion round of funding in December. 3,471 1 18. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. Social Capital Hedosophia Holdings Corp VI (NYSE: IPOF) plans to sell 100 million shares at $10 each to raise $1 billion. CLOSED: Fully de-SPAC’d funds that have completed their merger and now trade under the target company's name. Price. Rivian is one of the few EV companies that didn’t jump of the SPAC bandwagon. IPOD brought in $400 million while IPOF brought in $1 billion. All three SPACs come with one-fourth of a warrant to buy a share at $11.50. Also, with its first deliveries planned for June, the automaker would wait until having some revenue before going public. Can we discuss this merger here? To give you a reference to what the market cap of Lucid would be at $60/share: $24B/$15/share (PIPE) * $60 (Share price) = $96B Market Cap In 2020, the company went back to the bank and managed to raise another $2.5 billion from existing investors and also T. Rowe Price Associates, an important investor in Tesla. The company … Hearing some rumors, Rivian or Plaid could be: Norton1973: 01/14/21 09:02:35 AM #6 Nice timing! The merger for IPOE with SoFi was announced before IPOD's merger. Rivian is preparing to produce an electric pickup truck and sport-utility vehicle (SUV). Share your opinion and gain insight from other stock traders and investors. Electric pickup truck maker Rivian aims for $50 billion IPO. By making Driver+ standard, our goal is to make driving safer, easier and less stressful for everyone. @FredericLambert. The main reason is that they have no issue raising money privately. Through Zalkon.com, you can check out Fred’s portfolio and get monthly green stock investment ideas. (adsbygoogle = window.adsbygoogle || []).push({}); Over the last few months, there has been a strong trend of electric vehicle companies going public through reverse merger SPAC deals. Looks solid to me as Rivian is backed by Amazon. Eventually merged with Virgin Galactic Holdings . Choose offers Got offers from multiple startups Robinhood: 230 + 10% + 1.05M/4 + 50 sign on = 520K on 26B Instacart: 245 + 1.4M/4 = 595K on 39B Confluent: 220 + 800/4 = 420K on 7~10B Databricks: 200 + 1.2M/4 = 500K on 28B Doordash: 230 + 1M/4 = 480K All staff offers except databricks. On January 19th, 2021, Rivian closed a $2.65 billion new round of funding valuing the company at $27.6 billion, according to TechCrunch . That said, it's a buying opportunity with more confidence. Don't expect a target company for IPOF anytime soon. that would be wild. IPOB Sold 36 million shares for $10 per share to raise $360 million. I understand that this may be completely bogus, but the risk in this is ultimately capped at about 80c as it will be redeemable in cash if nothing happens. the smart people bought more when it hit $10.37 today. Reply Replies (5) 8 3. That might not sound like a huge price move, but it represented a fairly quick return of 20%. IPOF merging with Rivian? 1.95%. the best time to buy is when no one wants it. And it’s continuing to raise money to fund its upcoming production. remember that most traders think short term. Until IPOF officially announces a merger target, we can just speculate on the potential targets. You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com. Compared with Tesla’s truck, Rivian has kept a more traditional design. They might go with D or E honestly there's no reason why they have to take the largest one. Price. They started 2021 strong with another $2.6 billion financing round closing last month. In fact, the buyers stepped the IPOF share price up to $12 and change by the end of December. So, is it only a matter of time before we see Rivian stock available? However, there are high chances that the merger target could come from a clean energy company. Unlike the previously mentioned companies, Rivian would be going the traditional IPO way instead of doing a SPAC deal. EV Startup Faraday Said in SPAC Merger Talks to Go Public By . The startup also added Cox Automotive as an investor with a $350 million round in September. I bought a starter position in this today on the rumors that IPOF will be merging with Rivian, the second most high profile EV company behind Tesla & part owned by Amazon. Now, Bloomberg reports that Rivian is eyeing an IPO later this year at a valuation of about $50 billion: “Rivian Automotive Inc., the electric-vehicle startup backed by Amazon.com Inc. and Ford Motor Co., is looking to go public as soon as September at a valuation of about $50 billion and perhaps more, according to people familiar with the matter.”. 2020 was a banner year for special purpose acquisition corporations. F. Fortune Cookie. The number is Pro forma, meaning post-merger, meaning including the $4.4B cash injection/post merger value. Electric pickup truck maker Rivian is said to be looking at an IPO to be publicly traded later this year at $50 billion. Fisker, Arrival, Lion Electric, Lordstown Motors, Proterra, Faraday Future, and others have all completed or announced SPAC deals. Jan 14 Bookmark. This asset class should continue to be an area of focus in 2021. But Rivian does have one advantage: it can learn from Tesla’s mistakes. Find the latest Social Capital Hedosophia Holdi (IPOF) stock discussion in Yahoo Finance's forum. The company was founded by Robert Scaringe in 2009, after he graduated from MIT. One example is Tesla’s post-sales service. ANNOUNCED: SPAC funds that have identified a target, negotiated a merger, and are awaiting a shareholder vote to approve the combination. I outline my favorite 3 pre-deal SPACs for 2021. Idk that Rivian will necessarily give up that much equity though; $1.1B is a lot. FTC: We use income earning auto affiliate links. On the other hand, there’s a large price gap between the two companies. It is rumored that Chamath will be taking this company public soon. Energy firms owe Brits £1.8bn in credits. Delivering true hands-free driving assistance along with our full set of safety features, the system continually adds functionality through over-the-air updates. About IPOF. 0.19%. Rivian is the latest company within the industry to take on this challenge. This is bogus. I understand that this may be completely bogus, but the risk in this is ultimately capped at about 80c as it will be redeemable in cash if nothing happens. IPOF. Subscribe to The Nightcap Full List of Active SPACs Completed SPACs More News Quick SPAC Market Stats More Market Stats SPAC Calendar Contact […] Rivian Driver+ is standard on every vehicle we build. There are 39 companies denoted with the logo of the target company. Gillian Tan, Manuel Baigorri, and . Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin, EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF, Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc, S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index, Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin, US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y, I bought a starter position in this today on the rumors that. 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