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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. Its stock started trading at $24.80 Image source: Getty Images.
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. Its newest Gen 3 robots can travel 48 miles on a single charge, carry up to 15 gallons of cargo, and have a max speed of 11 mph.
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. The electric semi-truck maker's stock opened at $37.55 on its first trading day, then more than doubled to its all-time high of $79.73 a mere five days later.
Devon Energy (NYSE: DVN) has struck out on several potential acquisition opportunities over the past year. The company's Grayson Mill Energy acquisition was a key topic of conversation on that call. All fueled up for a strong 2025 "We see significant financial value created from this acquisition," stated Devon's CEO on the call.
Foreign funds like Bain have significantly increased their acquisitions in Japan, pushing inbound mergers and acquisitions (M&A) in the country to the top of Asias leaderboard in 2024 the first time since 1999.
BlackRock made headlines in late 2024 through the firms acquisition of HPS Investment Partners , backed by their expectation that the private debt market will more than double to $4.5 2] While BlackRocks acquisition dominated the news cycle, other firms have already made it their prerogative to jump into the private credit pool.
Electric vehicle (EV) stocks have captivated investors ever since Tesla stock skyrocketed in 2020. QuantumScape stock has fallen sharply from its peak, which came shortly after it went public in 2020 via a special purpose acquisition company (SPAC) merger at a time when EV stocks were soaring.
BigBear.ai (NYSE: BBAI) , a developer of data mining and analytics tools, went public by merging with a special purpose acquisition company (SPAC) on Dec. Its investors retreated as its growth cooled off, it broadly missed its pre-merger targets, and it racked up steep losses. Its stock opened at $9.84 on April 13, 2022.
QuantumScape (NYSE: QS) and ChargePoint Holdings (NYSE: CHPT) were both red-hot stocks during the buying frenzy in electric vehicle (EV) stocks in late 2020 and early 2021. QuantumScape, a developer of solid-state batteries, merged with a special purpose acquisition company (SPAC) in November 2020. Its shares opened at $24.80
The pipeline company kept its payout flat from the start of 2020 until earlier this year, when it provided investors with a modest 2% raise. at the end of 2020 to 3.25 In addition, the midstream company expects the merger will increase its free cash flow per share by an average of more than 20% from 2024 to 2027. by mid-2023.
When BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition company (SPAC) in December 2021, it bore a striking resemblance to Palantir Technologies (NYSE: PLTR) , which went public through a direct listing in September 2020. after it closed its merger. Let's see why BigBear.ai
QuantumScape (NYSE: QS) was one of the hottest electric vehicle (EV) stocks of 2020. The maker of solid-state batteries went public by merging with a special purpose acquisition company (SPAC) on Nov. 27, 2020, and its stock opened at $24.80 billion in late 2020 -- even though it didn't generate any revenue yet.
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
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. It relocated its headquarters to California in 2013.
IGG was founded in February 2023 following the merger of two long-established firms, Ross Trustees and Independent Trustee Services (ITS), creating a singular destination for best-in-class professional pensions trusteeship, scheme secretarial, pensions managerial and governance services.
21, 2020, many investors hailed it as the " Amazon (NASDAQ: AMZN) of real estate" because its online marketplace streamlined the home buying process by making instant cash offers for homes, repairing the properties, and relisting them for sale. Its revenue fell 46% in 2020 as the pandemic disrupted the housing market, but soared 211% to $8.0
The HealthComp and Virgin Pulse merger comes as private equity deals have decreased from pandemic-fueled highs. The merger aims to create an integrated platform for employer-sponsored health benefits with hopes of lowering health costs for both members and employers. Fresno, Calif.-based The 2023 MM+M.
The Vietnamese manufacturer of electric vehicles ( EVs ) just went public through a special purpose acquisition company (SPAC) and soared over 100% on the back of investor hype and its low float. This is what VinFast Auto decided to do when it merged with Black Spade Acquisition back in August.
SoundHound went public by merging with a special purpose acquisition company ( SPAC ) in 2022 and subsequently expanded by acquiring the restaurant tech companies SYNQ3 and Allset. It was originally a unit of Postmates, which was bought by Uber in 2020. Nvidia also acquired a 10% stake in the company earlier this year.
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.
That's a significant acceleration from the rent growth the company experienced in 2020 and 2021. Adjusted FFO growth was even faster in its real estate segment at 7.1%, driven by rent growth, acquisitions, and the merger of a non-traded REIT it previously managed. billion acquisition of a non-traded REIT it managed.
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 billion $8.0 billion $15.6 billion $6.1
Canoo was not a normal IPO Canoo came public via a merger with a special purpose acquisition company (SPAC) in late 2020. That's exactly what happened, and an increasing number of the SPAC mergers from that period are now resulting in bankruptcies. Here's five reasons you should tread carefully.
The enterprise AI software company went public by merging with a special purpose acquisition company ( SPAC ), and its stock opened at $9.84 In a pre-merger presentation, BigBear.ai In a pre-merger presentation, BigBear.ai from 2020 to 2023, its gross margin dropped to 26%, and its adjusted EBITDA turned negative.
After acquiring just over 2,000 properties from the merger with Spirit Realty, Realty Income's property portfolio has grown to around 15,500 properties. Assuming the lower interest rates allow Realty Income to refinance debt or fund more projects and acquisitions, lower rates should help boost profits. per share in February 2020.
That all came to a head in 2020 when deteriorating market conditions during the pandemic left the midstream company with no choice other than to slash its distribution so it could retain additional cash to shore up its finances. The acquisition will enhance Energy Transfer's ability to pay distributions. billion all-equity deal.
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 Opendoor (NASDAQ: OPEN) has been a tough stock to own over the past few years. billion $8.0 billion $15.6
The notable exception was a brief cut to the supplemental dividend in early 2020 at the beginning of the COVID-19 pandemic (seen in the grey-shaded column). Category 2018 2019 2020 2021 2022 2023 Six Months Ended June 30, 2024 Net Investment Income Per Share $1.19 $1.41 $1.39 $1.29 $1.48 $2.09 $1.01 HTGC Dividend data by YCharts.
The company first bought shares in Q3 2020, cut the position in 2021, then began building it up again in Q3 2021. million 2/16/2021 12/31/2020 0 11/16/2020 9/30/2020 Data source: Berkshire Hathaway SEC Filings. million 2/16/2021 12/31/2020 0 11/16/2020 9/30/2020 Data source: Berkshire Hathaway SEC Filings.
The maker of electric semi-trucks was a red-hot stock during the buying frenzy in speculative stocks in 2020, but it ran out of juice after it missed its production forecasts. Nikola 's (NASDAQ: NKLA) stock has plunged nearly 99% over the past three years. After that steep decline, Nikola's stock now trades at just 2 times this year's sales.
SoundHound went public by merging with a special purpose acquisition company ( SPAC ) two years ago. In a pre-merger presentation, SoundHound claimed it could grow its revenue at a compound annual growth rate (CAGR) of 104% from $13 million in 2020 to $110 million in 2023 as it expanded its gross margin from 55% to 77%.
Many electric vehicle (EV) start-ups went public by merging with special purpose acquisition companies (SPACs) in 2020. One of those fallen EV stocks is Canoo (NASDAQ: GOEV) , which dropped from its pre-merger high of $22 per share on Dec. 10, 2020 to its current price of about $0.64. Army, and NASA for testing purposes.
Symbotic (NASDAQ: SYM) , a producer of artificial intelligence-powered warehouse automation robots, went public by merging with a special purpose acquisition company (SPAC) two years ago. It was originally founded in 2017 as a unit of Postmates, the food delivery company that was acquired by Uber in 2020.
In addition to being the top banana in the chocolate world, Hershey's recent acquisitions of Skinny Pop Popcorn and Dot's Homestyle Pretzels are paying immediate dividends, with the new units growing sales by 13% and 65% annually since 2019. MTYFF Free Cash Flow data by YCharts Making 27 acquisitions worth more than $1.7
For its recently completed quarter, the company reported that the Pioneer merger is already proving fruitful, contributing $500 million in earnings for the quarter. The Constellation deal reads well for Vistra because the latter has expanded its nuclear capability this year via its acquisition of Energy Harbor in March.
Financial industry disrupter SoFi (NASDAQ: SOFI) has been a rare bright spot among the hundreds of companies that went public via reverse mergers with special purpose acquisition companies during the 2021 SPAC boom. The Galileo fintech platform posted its largest quarterly member addition since early 2020.
AST SpaceMobile was founded seven years ago and went public by merging with a special purpose acquisition company ( SPAC ) in 2021. It started as a unit of Postmates, which was subsequently acquired by Uber Technologies in 2020. Serve Robotics Serve Robotics develops autonomous sidewalk-delivery robots.
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.
A challenging past and present Nikola hit public markets through a reverse merger with a special purpose acquisition company (SPAC) in June 2020. Let's dig deeper to explore whether or not Nikola's future will be brighter than its past.
Coca-Cola suffered a slowdown in 2020 as restaurants and other dine-in businesses shut down during the pandemic. Metric 2020 2021 2022 2023 Outlook Organic Revenue Growth (YOY) (9%) 16% 16% 10% to 11% Comparable EPS Growth (YOY) (8%) 19% 7% 7% to 8% Data source: Coca-Cola. Its comparable operating margin also rose from 30.5%
Despite that benefit, its stock never recovered from its high in early 2020 amid a pandemic and rising interest rates. Furthermore, the Spirit Realty acquisition has boosted its financials. Nonetheless, the added expenses and merger-related costs led to total (operational) expenses rising by almost 57% to $1.1 Its nearly $1.3
Nikola (NASDAQ: NKLA) initially impressed the bulls when it went public by merging with a special purpose acquisition company (SPAC) on June 3, 2020. Instead, it was being valued based entirely on the ambitious production targets it set during its pre-merger presentation in March 2020. just six trading sessions later.
Third, it's worth noting that 3M Healthcare/Solventum was the focus of 3M's merger and acquisition activity over the past five years. In 2020, 3M sold the majority of its drug delivery business.
Demonstrated success In addition to completing sale-leaseback transactions, "we have firmly demonstrated our capabilities deploying capital, having invested $9 billion or more including public M&A in each of the last three years since exiting the pandemic year of 2020," Roy said on the call. The company knows how to acquire real estate.
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