Learn how your comment data is processed. Would it be worth buying Magna? That does not reflect any adjustment to the value at which they carry their Palantir shares, it mostly just reflects the bounce-back from the coronavirus valuatios — the NAV was $11.38 on December 31. This isn’t unheard of, but it’s pretty unusual and generally has been done only with pretty big brand-name tech stocks — the ones that most famously followed this path were Slack Technologies (WORK) and Spotify (SPOT). Fisker’s “Investors” page is essentially the press release about the SPAC merger, and it sounds like the money from the SPAC and from the additional private financing they’re going at the same time, a total of about a billion dollars, will go to funding initial development of the Ocean… which is being outsourced to Magna International (MGA, MG.TO), the big Canadian auto parts company. How, then, to buy in before the shares trade tomorrow, if you should wish? And what’s the other deal, the one where Wyatt says you can buy into Palantir “pre-IPO?”. In some states, users are charged by the amount of time their vehicle is plugged in. This site uses Akismet to reduce spam. Is it worthwhile? I’ve written about a bunch of “pre-IPO” investments in the past, but Ian Wyatt has probably been more relentless than anyone else in promoting this idea of “buying in before it’s public” … particularly when it comes to the hot “brand names” that excite investors. Electrify America, LLC provides infrastructure and energy management solutions. Care to share if you have any updates? I lost a bunch on SSSS on the PLTR IPO, wished I would’ve read this beforehand. And absent any Coursera hype (that’s SuRo’s largest holding, though it’s roughly the same size as Palantir), we should probably expect the stock to be back under book value by a few days after the Palantir IPO, again matching that pattern from the Facebook and Twitter IPOs… so if we’re holding for that “peak hype” moment, watching that IPO date will be important. Scheduled for a global debut soon, the 2021 ID.4 electric SUV is … When you go to SSSS’ website and click on Palantir, a statement simply comes up that says, “Palantir prohibits the communication of company information. The godfather of the electric vehicle industry, Tesla is and will remain one of the best electric car stocks to buy for the next 10 years. It is reported that the Fisker Ocean will be built, starting 2022, in Graz, Austria as well as in Hoce, Slovenia. (Incidentally, in case you’re wondering, the name change from Sutter Rock to SuRo was because of a lawsuit — apparently Sutter Hill Ventures, a VC company in Palo Alto, thought they were infringing because of the similar business focus, so they settled with a name change. As Electrify America … So it has been relatively steady… but that does change the calculus a little bit, it means that instead of trading at about 1.3X book value right now at $13 and change, SuRo is actually trading at about 1.1X book. Whether or not that’s worth $4 billion, you’ll have to decide… auto startups are really tough, and, as we’ve seen with Tesla, they don’t generally make money for a very long time — so if the CEO isn’t able to light a fire under investors and keep the excitement level (and trust) eleveated, there’s every chance it could be the next Delorean or Tucker. ... Airbnb shares more than double in price in long-awaited IPO Previous Article Tap Truck Chattanooga pouring into market soon with beverage delivery to events. Electrify America is also building a charger network in Canada called Electrify Canada. And that’s a wild card as well, because Palantir’s value as a private company has dropped some over the past few years but has actually been pretty stable (at least in SuRo’s estimation) over the past year. What happens if Trump loses and does not amicably pass the baton? What’s the private equity firm most invested in this one? Travis, always appreciate your commentary. The first 120 Walmart sites with Electrify America chargers are located across 34 U.S. states. The next year after that IPO, with no real excitement building, the shares dropped down to a valuation of about 0.7X book value (they still held some FB for part of that time, and you might also recall that Facebook had a rough first year as a public company). Each warrant gives the holder the right to buy SPAQ (or FSR, once the deal is done) at $11.50 for a period of five years after the deal consummates (subject to an “early redemption” or “forced exercise” if the shares trade over $18 a share for 20 days in a 30-day period). In SuRo’s books, the Palantir investment was valued at $30.5 million as of March 31, a hair lower than the $31.6 million they estimated on December 31 and up slightly from $30.1 million a year ago. Potential spin-offs into a SPAC or IPO may include: Electrify America – Formed out of the Volkswagen America dieselgate settlement with the US government, the fast-growing DC fast charging … [5] Stations are rated to provide a minimum of 50 kilowatts and up to 350 kilowatts, although the actual output is dependent on multiple factors including the vehicle's capabilities. I understand that he may be promoting to get in on AirBnB and the likes pre IPO. This was so amazingly predicted. One aspect of the program was a pledge to establish a public electric vehicle charging network. Ian Wyatt is at it again even more aggressively. Electrify America operates an electric vehicle DC fast charging network in the United States, with more than 500 charging locations and over 2,200 individual charging units as of November 2020[update]. As of 2020, Electrify America prices its electricity in most states where it operators based on the energy dispensed, charged by kilowatt-hour. The shares of SPAQ jumped by about 50% on the day the Fisker merger deal was announced, and that might be all the IPO “pop” they get. RESTON, Va., Dec. 17, 2019 /PRNewswire/ -- Electrify America, a leader in ultra-fast charging for electric vehicles (EV), announced today that it is teaming up with Bank of America, one of … Not officially endorsed a plan to participate in an IPO book value since that Twitter IPO almost. 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