This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
A tiny player in a nascent market Serve Robotics was founded in 2017 within Postmates, the food delivery service acquired by Uber Technologies (NYSE: UBER) and integrated into Uber Eats in 2020. With an enterprisevalue of $384 million, it might seem ridiculously overvalued at more than 200 times this year's sales.
QuantumScape (NYSE: QS) , a developer of solid-state batteries, went public by merging with a special purpose acquisition company (SPAC) on Nov. Why did QuantumScape's stock skyrocket in 2020? billion in late 2020 even though it hadn't generated any revenue yet. Based on its current enterprisevalue of $2.54
Nikola (NASDAQ: NKLA) attracted a stampede of bulls when it went public by merging with a special purpose acquisition company (SPAC) on June 4, 2020. Therefore, it's easy to see why Nikola's enterprisevalue shrank from its peak of $28.7 The electric semi-truck maker's stock opened at $37.55 a mere five days later.
Rocket Lab USA (NASDAQ: RKLB) , the creator of the Electron orbital rocket, went public by merging with a special purpose acquisition company (SPAC) three years ago. Like many other SPAC-backed companies, Rocket Lab set the bar too high during its pre-merger investor presentation. With an enterprisevalue of $3.7
Archer Aviation (NYSE: ACHR) and Rocket Lab USA (NASDAQ: RKLB) are both tiny aerospace companies that went public by merging with special purpose acquisition companies ( SPACs ) in 2021. Both stocks initially soared, but they crashed after the companies missed their pre-merger estimates and racked up steep losses.
BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition (SPAC) company on Dec. went public, it provided some ambitious growth targets in its pre-merger presentation. BigBear.ai's prospects sounded promising, but it broadly missed its rosy pre-merger targets. and climbed to an all-time high of $16.12
Third, it's worth noting that 3M Healthcare/Solventum was the focus of 3M's merger and acquisition activity over the past five years. 3M bought M*Modal's technology business for an enterprisevalue of $1 billion in early 2019, and later that year 3M bought advanced and surgical wound care company Acelity for an enterprisevalue of $6.7
Nikola (NASDAQ: NKLA) initially impressed the bulls when it went public by merging with a special purpose acquisition company (SPAC) on June 3, 2020. At its peak, Nikola had an enterprisevalue of $28.7 At its peak, Nikola had an enterprisevalue of $28.7 just six trading sessions later.
Opendoor (NASDAQ: OPEN) seemed like a promising growth stock when it went public by merging with a special purpose acquisition company (SPAC) in Dec. In 2020, the pandemic caused its home sales to grind to a halt. Metric 2020 2021 2022 9M 2023 Revenue $2.6 With an enterprisevalue of $3.5 billion $8.0 billion $15.6
after it went public by merging with a special purpose acquisition company ( SPAC ) in December 2020 and reached its record high of $35.88 Metric 2020 2021 2022 2023 Revenue $2.6 Metric 2020 2021 2022 2023 Revenue $2.6 And with an enterprisevalue of $3.27 billion $8.0 billion $15.6 billion $6.9 billion $8.0
The developer of solid-state batteries went public by merging with a special purpose acquisition company ( SPAC ) in November 2020, and its stock started trading at $24.80 But with an enterprisevalue of $2.3 billion, QuantumScape is still richly valued at 193 times its 2026 sales. less than a month later.
First, prior to this decline, the company's ratio of enterprisevalue (EV) to earnings before interest, taxes, depreciation, and amortization (EBITDA) was at an all-time high of 24. MTYFF Free Cash Flow data by YCharts Making 27 acquisitions worth more than $1.7 Not so much. However, its 2.9% Currently, the company's 2.3%
SoundHound AI (NASDAQ: SOUN) went public by merging with a special-purpose acquisition company (SPAC) on April 28, 2022. During its pre-merger presentation, SoundHound predicted that its revenue would rise from $13 million in 2020 to $20 million in 2021, and then grow to $28 million in 2022. million this year.
The developer of solid-state batteries went public by merging with a special purpose acquisition company (SPAC), and its stock started trading at $24.80 QuantumScape has high hopes for 2028 During its pre-merger presentation, QuantumScape claimed it would start commercializing its batteries in 2024 and ramp up its production through 2028.
QuantumScape (NYSE: QS) , a maker of solid-state batteries for electric vehicles (EVs), initially attracted a stampede of bulls when it went public by merging with a special purpose acquisition company (SPAC) in November 2020. That outlook seems grim for a company that has an enterprisevalue of $2.17
Joby Aviation (NYSE: JOBY) , a developer of electric vertical take off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisition company (SPAC) on Aug. Like many other SPAC-backed start-ups, Joby disappointed its early investors by missing its own pre-merger estimates by a mile.
Unlike AT&T and Verizon , which expanded their wireless networks to reduce their dependence on wireline connections, Lumen shunned the wireless market and expanded its wireline business through a series of mergers and acquisitions. With an enterprisevalue of $23.4 It also still had $1.5
MTY Food Group: A serial acquirer MTY Food Group has made 50 acquisitions since 1999, including 27 over the last decade. While companies that rely upon megamergers or one-off jumbo acquisitions to fuel their growth often disappoint, serial acquirers like MTY often prove to be outperforming propositions. percentage points.
The deal values Arco at $1.5 billion in terms of enterprisevalue, and Arco shareholders will receive $14 per share in cash for their stock. Certain other shareholders and employees of Arco will be eligible to roll over their shares in the merger as well. and Arco Platform wasn't one of them!
Shares of the home robotics company, best known for its Roomba line of robotic vacuums, soared nearly 40% last Friday after Reuters reported that Amazon was finally poised to receive unconditional European Union antitrust approval to complete the acquisition. billion enterprisevalue was essentially unchanged).
The company is going public through a special purpose acquisition company ( SPAC ) with SK Growth Opportunities Corporation. The chart below shows a brief pop in shares of SK Growth Opportunities Corporation after the news of its planned merger with Webull. Following the acquisition, Webull will have a projected $7.3
All about cash flow Since completing its merger with Sprint in 2020, T-Mobile has produced massive free cash flow growth for shareholders. For example, management delivered more than $8 billion in merger synergies since integrating Sprint, above its $7.5 Image source: Getty Images. Free cash flow grew from $3.2
The company expected the transformational merger to create significant shareholder value by turning it into a free cash flow machine. The company has made several scale-enhancing acquisitions to enhance margins and free cash flow. Finally, EQT recently closed its strategic acquisitions of Tug Hill and Xcl Midstream.
Nikola (NASDAQ: NKLA) disappointed a lot of investors after it went public by merging with a special purpose acquisition company (SPAC) four years ago. That was well below the 3,500 BEVs and 2,000 FCEVs it originally claimed it could deliver in 2023 in its pre-merger presentation. That equals an average net loss of $8.5
First, Kroger's pending $25 billion acquisition of Albertsons and its 2,200 grocery stores would nearly double its store count to about 4,500 locations after a planned divestiture and sale of some stores to C&S Wholesale Grocers. However, several unfolding developments potentially give the grocer some market-beating catalysts.
Lumen Technologies (NYSE: LUMN) , the telecom company formerly known as CenturyLink, has lost 86% of its value since its rebranding and ticker change on Sept. Metric 2020 2021 2022 2023 (Forecast) Total revenue $20.7 Based on those expectations and its enterprisevalue of $19.4 billion $19.7 billion $17.5 billion $14.5
Nikola (NASDAQ: NKLA) , a maker of electric semi-trucks, went public by merging with a special purpose acquisition company (SPAC) in June 2020. In its pre-merger presentation, it told investors it could deliver 600 BEVs in 2021, 1,200 BEVs in 2022, and 3,500 BEVs in 2023. Its shares opened at $37.55 a week later.
QuantumScape's stock climbed higher after that encouraging business update, but it remains more than 95% below its all-time high from December 2020. QuantumScape went public by merging with a special purpose acquisition company (SPAC) nearly four years ago. Why did the bulls abandon QuantumScape? billion by 2028.
Lincoln International has reported that the Lincoln Private Market Index (LPMI), which tracks the enterprisevalue of U.S. contraction in enterprisevalue due to investor uncertainty surrounding interest rates and potential tariffs. privately held companies, increased by 2.3% in the fourth quarter of 2024.
Many companies went public via mergers with special purpose acquisition companies (SPACs) in 2020 and 2021. Meanwhile, the stock now carries an enterprisevalue of $4 billion. The company will probably take a few years to generate meaningful revenue.
Retail or Municipal Rates for Utility Customers: Following the close of the acquisition, Minnesota Power and SWL&P will continue to be regulated by the Minnesota Public Utilities Commission (MPUC), the Public Service Commission of Wisconsin (PSCW) and the Federal Energy Regulatory Commission (FERC). billion, including ALLETE’s net debt.
MAM and PSP Investments acquired a majority stake in AirTrunk in 2020. Scott Murdoch of Reuters aslo reports Blackstone to buy Australia's AirTrunk in US$16 billion deal: Blackstone will buy Australian data centre group AirTrunk for an implied enterprisevalue of over A$24 billion ($16.10 s special situations division.
In 2020, we committed to implement the GISTM, the Global Industry Standard for Tailings Management within the industry timeframe. The implied pre-money equity value for Vale was $25.1 The acquisition of talents like Jerome and Mark will go under the first hurdle that is execute on existing assets. Is it a merger?
The fintech company went public by merging with a special purpose acquisition company (SPAC) on June 1, 2021, and its stock opened at $21.97. Like many other SPAC-backed companies, SoFi disappointed its investors by missing its ambitious pre-merger forecasts. million at the end of 2020 to 9.37 million to 13.65 respectively.
Luminar Technologies (NASDAQ: LAZR) , a developer of commercial automotive lidars, went public by merging with a special purpose acquisition company (SPAC) four years ago. During its pre-merger presentation, Luminar claimed it could grow its revenue from an estimated $15 million in 2020 to $124 million in 2023.
It went public by merging with a special purpose acquisition company (SPAC) on Aug. Joby also attracted a big investment from Toyota (NYSE: TM) in 2020. In its pre-merger presentation, Joby claimed its revenue would surge from $131 million in 2024 to $2.05 With an enterprisevalue of $5.8 billion in 2026.
QuantumScape (NYSE: QS) , a developer of solid-state lithium metal batteries, initially dazzled investors after its public debut in November 2020. It went public by merging with a special purpose acquisition company (SPAC), and its stock opened at $24.80 But with an enterprisevalue of $2.1 a month later.
Before joining Gridiron, Mr. Huttner was a vice president at Raymond James , where he advised consumer companies on mergers and acquisitions and capital markets strategies. ” Gridiron invests in companies with enterprisevalues between $75 million and $600 million and EBITDA from $10 million to $60 million.
EVgo (NASDAQ: EVGO) , a leading builder of EV charging networks, went public in July 2021 by merging with a special purpose acquisition company (SPAC). In its pre-merger presentation, it claimed it could grow its revenue from an estimated $20 million in 2021 to $166 million in 2023. The combined company's stock opened at $15.05
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content