IPOF | Complete Social Capital Hedosophia Holdings Corp. VI Cl A stock news by MarketWatch. Compared with Tesla’s truck, Rivian has kept a more traditional design. Until IPOF officially announces a merger target, we can just speculate on the potential targets. 1.95%. Whats up YouTube, its the German Finance Guy looking to find the best stocks and share the news. On February 9th, 2021, Bloomberg reported that Rivian aims to IPO as early as September 2021 at a valuation of $50 billion or more. the smart people bought more when it hit $10.37 today. You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com. The startup also added Cox Automotive as an investor with a $350 million round in September. Through Zalkon.com, you can check out Fred’s portfolio and get monthly green stock investment ideas. 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. Reply Replies (5) 8 3. Share your opinion and gain insight from other stock traders and investors. 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. Fisker, Arrival, Lion Electric, Lordstown Motors, Proterra, Faraday Future, and others have all completed or announced SPAC deals. IPOF merging with Rivian? It topped off its 2019 with a massive $1.3 billion round of funding in December. Show more. - Feb. 10th 2021 1:28 pm ET. There are 39 companies denoted with the logo of the target company. 2020 was a banner year for special purpose acquisition corporations. 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. IPOB Sold 36 million shares for $10 per share to raise $360 million. By making Driver+ standard, our goal is to make driving safer, easier and less stressful for everyone. Lucid Motors is an electric vehicle (EV) manufacturer in the process of entering the marketplace for environmentally friendly luxury sedans. However, there are high chances that the merger target could come from a clean energy company. It is rumored that Chamath will be taking this company public soon. 3,471 1 18. Electric pickup truck maker Rivian aims for $50 billion IPO. 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.”. 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. ANNOUNCED: SPAC funds that have identified a target, negotiated a merger, and are awaiting a shareholder vote to approve the combination. Looks solid to me as Rivian is backed by Amazon. 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. This asset class should continue to be an area of focus in 2021. Electric pickup truck maker Rivian is said to be looking at an IPO to be publicly traded later this year at $50 billion. IPOD brought in $400 million while IPOF brought in $1 billion. Unlike the previously mentioned companies, Rivian would be going the traditional IPO way instead of doing a SPAC deal. But Rivian does have one advantage: it can learn from Tesla’s mistakes. 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. Price. Rivian Driver+ is standard on every vehicle we build. 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. The company was founded by Robert Scaringe in 2009, after he graduated from MIT. It is expected to rival Tesla, Rivian, and Nikola in the electric vehicle market, one of the fastest-growing automotive segments worldwide. (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. remember that most traders think short term. the best time to buy is when no one wants it. Energy firms owe Brits £1.8bn in credits. 0.19%. Edward Ludlow. On January 19th, 2021, Rivian closed a $2.65 billion new round of funding valuing the company at $27.6 billion, according to TechCrunch . The merger for IPOE with SoFi was announced before IPOD's merger. Fred Lambert. Price. I outline my favorite 3 pre-deal SPACs for 2021. 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 The number is Pro forma, meaning post-merger, meaning including the $4.4B cash injection/post merger value. Find the latest Social Capital Hedosophia Holdi (IPOF) stock discussion in Yahoo Finance's forum. Merged with Opendoor Technologies ( NASDAQ:OPEN ) . That might not sound like a huge price move, but it represented a fairly quick return of 20%. Rivian have apparently issued a statement strongly denying any connection to this. Delivering true hands-free driving assistance along with our full set of safety features, the system continually adds functionality through over-the-air updates. That said, it's a buying opportunity with more confidence. Rivian is preparing to produce an electric pickup truck and sport-utility vehicle (SUV). Idk that Rivian will necessarily give up that much equity though; $1.1B is a lot. IPOD raised $700 million in the IPO, while IPOF is the largest SPAC from Palihapitiya. Fred is the Editor in Chief and Main Writer at Electrek. Admittedly, the risk of buying IPOF stock isn’t as massive as it looks at first glance. @FredericLambert. More. Don't expect a target company for IPOF anytime soon. If Social Capital doesn’t merge with a target company, its shares will fall back to $10. The main reason is that they have no issue raising money privately. Eventually merged with Virgin Galactic Holdings . And it’s continuing to raise money to fund its upcoming production. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. This is bogus. Rivian is an automotive technology company that develops products and services to advance the shift to sustainable mobility. 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. Rivian is the latest company within the industry to take on this challenge. So, is it only a matter of time before we see Rivian stock available? Congrats, This is on deck: Mr B: 01/08/21 03:45:26 PM #5 Holding 4,400 shares of IPOF. F. Fortune Cookie. 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. Social Capital Hedosophia Holdings Corp. VI NYSE: IPOF $10.56 down $0.03 (-0.28%) SPCE. IPOE, the company behind the SoFi SPAC merger, brought in $700 million during its IPO. So what comes next? IPOF 10.59 0.02 (0.19%) Post-Market 0.04 (0.38%) 19,953. 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