Arrival, the UK-based electric van and bus startup, is to list on the Nasdaq stock exchange in New York, in a deal that is expected to value the company at more than £4bn.. That’s still our plan! EVgo is the latest company to jump on the trend of so-called SPAC mergers, in a deal that will bring in nearly $600 million. Reuters. BlackRock-Backed Arrival in Talks to Go Public Via SPAC By . Small-launch leader Rocket Lab going public via a SPAC, with plans for bigger Neutron rocket Published Mon, Mar 1 2021 7:15 AM EST Updated Mon, Mar 1 2021 1:42 PM EST Michael Sheetz @thesheetztweetz The English electric commercial vehicle developer Arrival is planning to go public. Print. Pro forma, that values Arrival at more than $10 billion. Arrival. Advice should be sought in connection … Once it closes the deal, it will come public on the Nasdaq Exchange. This has been made possible via a merger with the CIIG Merger Corporation, for which a final agreement has now been signed. It could go public through a direct listing or it could opt to merge with a special-purpose acquisition company (SPAC). Lucid said going public will help speed up its growth as it works to launch its electric Lucid Air luxury sedan this year. 23andMe is going public via a merger with Richard Branson’s blank-check company Last Updated: Feb. 6, 2021 at 10:51 a.m. It says its vehicles will be price-competitive with gas burners. Roblox is an online gaming platform and game creation system that allows players to program … When Will Instacart Stock Go Public? Recent interest in Knightscope has been quite strong. The company had previously wanted to go public by the end of 2020 but has since delayed its IPO until next year, presumably due to witnessing head-turning results for the initial public offerings by Airbnb and DoorDash. CIIC stock is up more than 30% this morning! By Ruchi Gupta. UPS has already ordered 10,000 electric vans from Arrival with an option to double that order. Tweet Share Share Email More. Tweet Share Share Email More. ET. The deal values the company at $5.4 billion, according to CNBC. A British startup building electric vans and buses has announced plans to go public in New York through a deal with a so-called “blank cheque” company on the Nasdaq ().Arrival said on Wednesday it had reached a deal to merge with CIIG Merger Corp. (), one of the many “special purpose acquisition companies” — or … NICK CAREY. Following the deal, CIIG will hold around 12 percent of Arrival stock, with the other 88 percent going to other shareholders which include Hyundai and UPS. The app Venmo going public would give the company huge amounts of publicity and credibility, and much like how the IRS has considered using Paypal in the past for things like Tax Refunds and Stimulus Checks, Venmo could easily swoop in and get all of that fee revenue from hungry US citizens eager to get their … The company is going public at a strong time for the IPO market. We are now backed by over 16,000 investors and 4 major corporations and have raised over $70 million since we started back in 2013 to build our crime-fighting technology from scratch. October 25, 2020. CIIG stock had jumped to above $27 last week on word of the potential deal, then fallen off to below $20. The joint venture Arrival Group is expected to trade its shares on the US Nasdaq stock exchange under the ticker symbol ARVL from the first quarter of 2021. ET LONDON — British electric van startup Arrival, which is backed by Hyundai and BlackRock, has agreed to merge with CIIG Merger Corp. to get a U.S. listing at a market valuation of about $5.4 billion, it said Wednesday.. CIIG is a special purpose acquisition company — a business that raises money on the stock market to buy … In March 2020, Arrival … Our long … Arrival has major deals for its electric vans and buses in place with the likes of UPS. Arrival Ltd is a global company headquartered in London, UK and Charlotte, USA that develops electric vehicles, primarily lightweight commercial vehicles. Stock-trading app Robinhood Markets Inc has hired Goldman Sachs to lead a $20 billion+ IPO in 2021, says a Reuters report. Even though Arrival is a London-based company, it's going public in the US, so you won't need an international brokerage account to buy shares post-IPO. A rumor stating that Arrival (an electric vehicle company — specifically busses and vans) is expected to go public through a merger with blank-check company CIIG Merger (CIIC).. CIIG, a special purpose acquisition company, is in discussions with investors about raising $400 million to $500 million in new equity … PitchBook said the company was valued at $2.2 billion in 2019, when it … Initial public offerings are seeing something of an end-of-year surge. Going Public in Canada — Listing on the TSX, TSX V or CSE 4100-66 WELLINGTON STREET WEST PO BOX 35, TD BANK TOWER, TORONTO, M5K 1B7 +1 416.365.1110 WWW.WEIRFOULDS.COM This guide is intended as a practical overview of key issues involved in going public in Canada. Reuters. Print. In June 2020, Arrival announced a new passenger bus designed for coronavirus-era social distancing. UK electric-van startup Arrival to go public in U.S. at $5.4 billion valuation . With all that excitement in mind, here are 13 things to know about the Arrival SPAC Merger. It rebounded December 3 to close at $21.55 and was … UK electric vehicle maker Arrival is going public via SPAC at a $5.4 billion valuation Published Wed, Nov 18 2020 8:15 AM EST Updated Tue, Feb 23 2021 4:27 AM EST Ryan Browne @Ryan_Browne_ BlackRock-Backed Arrival in Talks to Go Public Via SPAC By . ET First Published: Feb. 4, 2021 at 1:05 p.m. Gillian Tan. Arrival Ltd. has agreed to combine with blank-check firm CIIG Merger Corp. in a deal that will raise cash and give the electric van and bus maker a … CIIG stock is up almost 60% since the merger was announced Wednesday. Arrival … UK electric van startup Arrival to go public in U.S. at $5.4 billion valuation . The Deal: Arrival, a U.K. electric vehicle company, is going public via CIIG Merger Corp (NASDAQ: CIIC). R&D takes place at their facility in Banbury, Oxfordshire. Arrival is off to a similar start. November 17, 2020, 11:23 AM EST 2:10. Arrival, an electric vehicle automaker that makes buses and vans, will be going public with the NASDAQ symbol ARVL. London-based Arrival is the latest electric vehicle start-up set to enter the public markets as the landscape of EV companies grows. Clearly, investors are already excited. A Tesla-like British startup is set to go public at a $5.4 billion valuation via a special-acquistion company formed by former Marvel Comics CEO Peter Cuneo. The Renaissance IPO ETF IPO, +6.59% has gained 36% in the year to date, while the S&P 500 index SPX, +1.42% has fallen 1.5%. Electric bus and van maker Arrival Group is expected to go public before the end of Q1 via a reverse merger with CIIG Merger Corp. Nov. 11 2020, Published 8:30 a.m. The North American headquarters of Arrival has already been established in Charlotte, North Carolina, where it is expected to employ 150 people. Share. UPS has ordered up to 10,000 electric Arrival vans and has options for a further 10,000. Are You Going Public?! The Roblox filing comes just days after Airbnb filed to go public. Arrival will trade on the Nasdaq Exchange under the ticker ARVL.