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CoStar Group (NASDAQ: CSGP) , the parent company of Apartments.com and Homes.com, announced its intention to acquire Matterport (NASDAQ: MTTR) , a virtual tour software platform, for an enterprisevalue of $1.6 in cash and $2.75 in CoStar stock. in cash and $2.75 in CoStar stock. If the average share price falls between $77.42
trillion and making it the most valuable company in the world. So if you're looking for the "next Nvidia," you might want to check out the smaller AI companies the chipmaker is investing in. One of those companies that stands out is Serve Robotics (NASDAQ: SERV) , a producer of AI-powered sidewalk delivery robots.
Private investment giant Blackstone, in partnership with smaller investors, is acquiring a majority stake in Citrin Cooperman, a US accounting firm, in a deal that values the company at over $2bn, according to a report by the Financial Times. Private equity has driven a wave of mergers and acquisitions in the accounting sector.
and Dragoneer Investment Group to take the education software firm private for a total enterprisevalue of about $1.5bn. The purchase price represents an about 55% premium over the closing price on November 30, 2022, when the company disclosed the bidders for its acquisition proposal, according to Refinitiv data.
The specialist in audio and speech recognition software went public by merging with a special purpose acquisitioncompany on April 28, 2022. Its developer-focused platform, Houndify, enables companies to create customized voice recognition tools. But with an enterprisevalue of $3.29 The shares opened at $8.72
Archer Aviation (NYSE: ACHR) and Rocket Lab USA (NASDAQ: RKLB) are both tiny aerospace companies that went public by merging with special purpose acquisitioncompanies ( SPACs ) in 2021. Both stocks initially soared, but they crashed after the companies missed their pre-merger estimates and racked up steep losses.
went public by merging with a special purpose acquisitioncompany ( SPAC ) on Dec. BigBear.ai, like many other SPAC-backed companies, made some grand promises before its merger but missed those estimates by a mile. SentinelOne provides AI-powered cybersecurity tools that are aimed at replacing human analysts.
It's always interesting when a new company comes to market and doubly interesting when it's a spinoff. In reality, two new companies came out of the spinoff of Solventum (NYSE: SOLV) and 3M (NYSE: MMM) -- a newly created healthcare company and an industrial conglomerate without a healthcare business. Image source: Getty Images.
Rocket Lab USA (NASDAQ: RKLB) , the creator of the Electron orbital rocket, went public by merging with a special purpose acquisitioncompany (SPAC) three years ago. The combined company's stock started trading at $11.58, soared to an all-time high of $20.72 With an enterprisevalue of $3.7
BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition (SPAC) company on Dec. The data mining company's shares started trading at $9.84 Let's see why the company initially impressed the bulls, how it let them down, and where the stock might be headed. and climbed to an all-time high of $16.12
The developer of electric vertical take-off and landing (eVTOL) aircraft went public by merging with a special purpose acquisitioncompany ( SPAC ), and it started trading at $9.90 It crashed and burned as it missed its own pre-merger expectations, racked up steep losses, and issued a lot more shares to raise fresh cash.
Archer Aviation (NYSE: ACHR) , a developer of electric vertical take-off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisitioncompany (SPAC) three years ago. The combined company's stock started trading at $9.90 and soared to a record high of $17.14 in February 2021 but now trades at about $3.
Lumen, the telecom company formerly known as CenturyLink, impressed the bulls by signing a new AI infrastructure deal with Microsoft and a fiber supply deal with Corning. With an enterprisevalue of $21 billion, Lumen might seem cheap at 1.6 With an enterprisevalue of $21 billion, Lumen might seem cheap at 1.6
QuantumScape (NYSE: QS) , a developer of solid-state batteries, went public by merging with a special purpose acquisitioncompany (SPAC) on Nov. During its pre-merger presentation, it claimed it could start commercializing its products in 2024 and grow its revenue at a compound annual growth rate of 363% from $14 million in 2024 to $6.44
One of my favorite pairings when looking for passive income on the stock market is to find companies with safe, steady operations with dividend yields that are near 10-year highs. While finding this combination isn't exactly common, chocolatier The Hershey Company (NYSE: HSY) and quick-service food franchisor MTY Food Group (OTC: MTYF.F)
Nikola (NASDAQ: NKLA) initially impressed the bulls when it went public by merging with a special purpose acquisitioncompany (SPAC) on June 3, 2020. on its first day as a combined company and more than doubled to its all-time high of $79.73 At its peak, Nikola had an enterprisevalue of $28.7 Image source: Nikola.
The developer of solid-state batteries went public by merging with a special purpose acquisitioncompany (SPAC), and its stock started trading at $24.80 The bulls lost their patience for three reasons: The company wasn't generating any revenue yet, it was still deeply unprofitable, and the electric vehicle (EV) market was cooling off.
Both electric vehicle (EV) makers went public by merging with special purpose acquisitioncompanies (SPACs), attracted a stampede of bulls with their optimistic production forecasts, then drove them away by missing those estimates by a mile and racking up steep losses in a deteriorating macro environment. Image source: Nikola.
The developer of solid-state batteries went public by merging with a special purpose acquisitioncompany ( SPAC ) in November 2020, and its stock started trading at $24.80 QuantumScape's biggest backer is Volkswagen (OTC: VWAP.Y) , which started developing solid-state batteries with the company 12 years ago. billion by 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 acquisitioncompany (SPAC) in November 2020. The combined company's stock opened at $24.80 and skyrocketed to its record high of $131.67
The online real estate company's stock started trading at $31.47 after it went public by merging with a special purpose acquisitioncompany ( SPAC ) in December 2020 and reached its record high of $35.88 That slowdown is jarring and even more disappointing when compared to the company's pre-merger outlook for generating $9.8
The merger wave in the oil patch is continuing in 2024. The latest deal will see APA Corporation (NASDAQ: APA) acquire fellow oil company Callon Petroleum (NYSE: CPE). That acquisition will enhance APA's scale in the resource-rich Permian Basin. Here's a look at the latest oil stock merger and what it means for investors.
SoundHound AI (NASDAQ: SOUN) went public by merging with a special-purpose acquisitioncompany (SPAC) on April 28, 2022. The audio and speech recognition company's stock started trading at $8.72 At its current enterprisevalue (EV) of $496 million, it trades at 11 times that forecast. million this year.
It's making two acquisitions to enhance its footprint, cash flow, and ability to return cash to investors. It's buying GIP's 43% interest in fellow pipeline company EnLink Midstream (NYSE: ENLC) for $3 billion in cash. The deal values EnLink at $14.90 a stock-based acquisition). billion enterprisevalue.
Joby Aviation (NYSE: JOBY) , a developer of electric vertical take off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisitioncompany (SPAC) on Aug. The combined company's stock started trading at $10.62, ended its first day at $13.40, but now trades at about $5. Image source: Joby Aviation.
Nikola (NASDAQ: NKLA) attracted a stampede of bulls when it went public by merging with a special purpose acquisitioncompany (SPAC) on June 4, 2020. Despite all those setbacks, the company claims it can still ship its first FCEVs by the end of this year. The electric semi-truck maker's stock opened at $37.55
Opendoor (NASDAQ: OPEN) seemed like a promising growth stock when it went public by merging with a special purpose acquisitioncompany (SPAC) in Dec. The online real estate company streamlined home sales by making instant cash offers for homes, repairing those properties, and relisting them for sale on its online marketplace.
Lumen Technologies (NYSE: LUMN) , the telecom company formerly known as CenturyLink, seemed to be in dire straits just a few years ago. With an enterprisevalue of $23.4 Its revenue was declining, it was racking up steep losses, and it suspended its dividend in 2022. It also still had $1.5 Where will Lumen's stock be in a year?
The luxury electric sedan maker Lucid (NASDAQ: LCID) went public by merging with a special purpose acquisitioncompany (SPAC) in July 2021. Why did Lucid miss its pre-merger targets? But last May Peter Rawlinson claimed the company could produce over 500,000 vehicles annually by 2025. Its stock opened at $25.24
While this size alone makes Casey's a major player in the convenience store (c-store) industry, it is the company's beloved pizza that sets it apart from the crowd. Here's what makes the company a stellar "forever" investment, especially following its recent acquisition. Recently spending a hefty $1.1
(“Cvent”), an industry-leading meetings, events and hospitality technology provider, today announced the completion of its acquisition by an affiliate of private equity funds managed by Blackstone (“Blackstone”) for $8.50 per share in cash, representing a total enterprisevalue of approximately $4.6
That price is good for an enterprisevalue of $14.9 Steel announced back in August 2023 , spurred after the company received multiple unsolicited proposals ranging from the acquisition of certain assets to the purchase of the entire company. In a press release this morning, U.S. Shares closed today at $49.59
With an enterprisevalue of $5.1 Let's see if this little space exploration company has a shot at replicating AST SpaceMobile's massive gains. The Houston-based company was founded in 2013, signed three major contracts with NASA, and went public by merging with a special purpose acquisitioncompany ( SPAC ) in 2023.
is one of those companies that you've probably interacted with but might not know by name. With over 7,100 locations, MTY Food Group operates the vast majority of its shops through a franchise model , giving the company an asset-light, high-margin profile. Here's why this drop could be a once-in-a-decade opportunity for investors.
Devon Energy (NYSE: DVN) launched a pioneering capital return framework following its transformational merger with WPX Energy in early 2021. That oil producer is now taking another page out of Devon's playbook by agreeing to acquire Enerplus (NYSE: ERF) , a company Devon had also offered to buy. The combined company will have nearly 1.3
As of market close on Thursday, according to data compiled by S&P Global Market Intelligence , the company's stock had risen by nearly 12% week-to-date. It is replacing business consultancy Perficient in the lineup, as that company is being acquired by investment firm EQT Group in a deal with an enterprisevalue of roughly $3 billion.
Over the past few years, many speculative tech companies went public by merging with special purpose acquisitioncompanies (SPACs). Some of those stocks initially soared, but a lot of them fizzled out after they broadly missed their pre-merger projections. With an enterprisevalue of $4.1 million in 2026.
It's been a roller-coaster ride for iRobot (NASDAQ: IRBT) shareholders since the company agreed to be acquired by Amazon.com (NASDAQ: AMZN) nearly 15 months ago. The EC opened an in-depth probe into the acquisition back in July 2023 and is expected to issue a final ruling by Feb. billion enterprisevalue was essentially unchanged).
Companies across the market are looking for ways to make the most of opportunities, but they also face major obstacles as well. Here's more on what each company is trying to do and why investors had such different reactions to the moves. The deal values Arco at $1.5
The S&P 500 has notched new highs, and several high-profile companies are taking advantage of the bull market conditions. The company is going public through a special purpose acquisitioncompany ( SPAC ) with SK Growth Opportunities Corporation. Moreover, companiesvalued at over $5 billion returned negative 74%.
Intuitive Machines (NASDAQ: LUNR) , a developer of lunar landing and exploration vehicles, went public by merging with a special purpose acquisitioncompany (SPAC) on Feb. The combined company's stock started trading at $10, skyrocketed to a record high of $81.99 At its peak, Intuitive Machines' enterprisevalue reached $1.48
SoundHound AI (NASDAQ: SOUN) went public by merging with a special purpose acquisitioncompany (SPAC) last April. The audio and speech recognition company's stock opened at $8.72 It lost its luster as revenue growth cooled and the company racked up steep losses. and hit an all-time high of $14.98 less than a month later.
However, most investors are completely unaware of the company'svalue-creating potential because natural gas just isn't a hot commodity like oil or renewable energy. The company expected the transformational merger to create significant shareholder value by turning it into a free cash flow machine. It paid $5.2
for-1 stock splits, respectively, the companies have low share prices despite posting total returns that have outpaced the S&P 500 index since the 1990s. Meanwhile, Kenvue (NYSE: KVUE) was recently spun off from healthcare behemoth Johnson & Johnson , leaving the newly public company with a temporarily puny share price.
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