Share
2,789 Posts.
lightbulb Created with Sketch. 1597
clock Created with Sketch. 11/11/21
08:39
Share
Originally posted by jdpc35:
↑
Yes - very interesting float and valuation (USD100bn). It reinforces the potential for the US market to put very high valuations into "hot" areas and iM3NY would no doubt attract significant attention when it is progressed to market. As one analyst said - "Rivian's IPO showcases strong investor excitement about electrification and mobility technology," The key to that float was a big capital raise, dragging in big institutional investment players like Blackrock and T Rowe Price and I would expect that iM3NY has similar ambitions of a large enough raise to bring in names like these (hence why they talk about a capital raise to vault to 10GWh in the first instance).
Expand
reminds me of the L-IS energy IPO and listing where its valued on the hype.. in reality the MC of ford is 60bn with a new worth of 80bn, GM is 90bn with a net worth of 138bn, then here comes something you've never heard of trying to capture that same market.. what would the rational person want? a Ford F-150 lightning for 40k or a rivian for 70k?
(20min delay)