While it’s still a couple of years away—or potentially more based on the company’s history of broken promises—the Ocean has a low starting price ($37,499) and long driving range (up to 300 miles). So maybe SSSS will surge up to a 2X or 3X book value price as the details of the expected Palantir IPO emerge, getting to $20 or $30 before the next collapse… particularly if their second most-followed holding, the online education company Coursera, decides to jump while their sector is hot and file for an IPO as well (that’s been rumored for years, but I haven’t seen anything specific about even tentative plans for a filing anytime soon — Coursera’s last private fundraise was over $100 million, about a year ago). While Magna is a Canadian company, the founder, Frank Stronach, is Austrian, who, after becoming less active in his company, went back to Austria to become a politician around 2011/2012. At $13 in book value, again just estimating a boost for Palantir, that could be a $16.25 share price for SuRo. There have been some lesser periods of enthusiasm for GSV Capital and Sutter Rock (now SuRo) Capital, but those were the two biggies. Tickers WMT. With a design similar to the handsome Range Rover Evoque, the 2022 Fisker Ocean could prove a compelling entry among the burgeoning EV SUV segment.”. The company has multi-location agreements with Walmart, Target and Simon Property Group, among other companies. The company has not officially endorsed a plan to participate in an IPO. If you want to give yourself room to become a true believer in Fisker, the interview Henrik Fisker did with Barron’s might get you excited — you can listen to that here. Wyatt pitched Spotify pretty much exactly the same way back in 2018. It also could benefit from the brand’s partnership with Electrify America, which might include some complimentary charging for customers. This site uses Akismet to reduce spam. In the absence of other good news, it doesn’t seem terribly likely that the shares will soar a lot higher, since SuRo is right now trading at a price/book valuation of 1.3… which rivals the peak they reached right before the TWTR IPO. Scary!! Ian Wyatt is at it again even more aggressively. Presently, Electrify America is the only public charging network which offers chargers with power levels up to 350 kilowatts. So we’ll look into both of those quickly for you. I’ll let Travis go further with more comments, should he choose to do so. What happens if Trump loses and does not amicably pass the baton? You never know for sure, of course, but I won’t personally try to jump on the last few moments of that ride. Together with Tesla and Electrify America, these three companies currently account for about 80% of all networked Level 2 and DCFC chargers in the US and Canada and 90% of DCFCs, the fastest growing … Having just looked at European news this morning, I also encountered Fisker Automotive. Originated as a "real money" $100,000 portfolio (called "Wyatt's 100K Portfolio" at the time), mostly focused on "steady and reliable" ideas that generate income through dividends. So, if Palantir common shares rise 200% (for example) from its IPO price, that does not mean the price of SSSS ‘ common shares would go up 200%. Electrify America sets initial prices, adds location map to website By Jeff Nisewanger on May 2, 2018 • ( 2). I have looked at buying preIPOs through sharespost.com, but their minimum investment in any of their offerings is $100K., way more than what I am willing to gamble with. You can grab Pre-IPO shares BEFORE this next electric vehicle stock starts trading in November.”. With a design similar to the handsome Range Rover Evoque, the 2022 Fisker Ocean could prove a compelling entry among the burgeoning EV SUV segment.” ... An IPO is an Initial Public Offering… We use cookies on this site to enhance your user experience. Thank you so much, Travis! It is a subsidiary of Volkswagen Group of America, established in 2016 by the automaker as part of its … After completion of the … You have been a godsend! Now that this event is over and there’s not much to look forward to of PLTR isn’t going to double like Snowflake, and might not rise dramatically, SSSS shares are down sharply, by 18% or so, presumably on their way back to the discount to book value that they typically trade at when a “hot” IPO isn’t in the offing. Learn about our pricing. Here’s what the impact on the SuRo share price and valuation was during that IPO process a year or so later… Twitter filed its confidential S-1 on September 12, 2013 (and announced it on Twitter), and went public on November 7, 2013. They will likely start trading tomorrow, the word is that trading will begin at $10 a share and give them a $22 billion IPO, but it’s not really an IPO, it’s a direct listing. Electrify America aims to keep prices low while providing more electric vehicle chargers, with faster speeds, in better locations across the U.S. That’s one way of buying into pre-IPO companies — SPACs are getting a little crazy now, since there are so many of them and they’re chasing deals like crazy (SPAC sponsors are very motivated to get a deal done — if they don’t agree to a merger within two years, they have to give back the money, which sometimes leads to a “sellers market” for the companies that SPACs are targeting), but they’re sometimes interesting stories and they do let companies come public at lower cost and without quite as much scrutiny as they’d have in an underwritten offering with a big investment bank that includes a road show where the CEO is trotted around the country in an attempt to impress institutional investors. The Electrify America brand was unveiled in January 2017, along with its first phase of station buildout. I have no idea whether or not Fisker 2.0 will work out, but I’d probably go in with some healthy skepticism. Or the next Fisker Automotive. This makes Fisker's charging capabilities competitive with Tesla . As always, CAVEAT EMPTOR. Incidentally, Wyatt pitched Spotify pretty much exactly the same way back in 2018. Travis, always appreciate your commentary. Incidentally, SSSS states that its Date of Initial Investment in Palantir was 5/7/2012 at a Cost of $16,189,935 which equates to about $2.80 per common share. As Electrify America … It is a subsidiary of Volkswagen Group of America… He built what became Sutter’s Fort in what is now Sacramento… and owned Sutter’s Mill, where gold was discovered in a moment that became the starting gun for the California gold rush). I haven’t dug further into SuRo in the couple months since then, but unless Palantir rises by a couple hundred percent tomorrow morning — which is possible but, I think, pretty unlikely — then SuRo’s Palantir excitement might have already peaked. And the biggie this time is Palantir, of course, which is one of SuRo’s largest holdings and could be one of the biggest IPOs of recent years… Palantir filed its confidential “draft” S-1 on July 6, a few weeks after Bloomberg reported (on June 11) that they were working with bankers with plans for a Fall IPO, and this is what that did to the SSSS share price…. Care to share if you have any updates? Barron’s covered this one on Friday, nothing that the shares are expected to open at $10, giving Palantir an opening valuation of $22 billion, roughly 16X their revenue. Any thoughts . Sad to say. If the value of Palantir jumps by 50% going into the IPO, which would be ridiculous (ridiculous happens every day now, so who knows), then that would likely boost SuRo’s book value by another 10% or so, perhaps getting it back above $200 million and over $13 in NAV per share. I don’t know if they’ll be selling any Palantir shares into this direct listing tomorrow or not. This was so amazingly predicted. On September 4, the day of the global launch event, a Porsche Taycan, with its 800-volt architecture, charged at Electrify America… For more information, read our disclaimer and privacy policy. 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. I have used my Corona time at home to become more educated about investing, so my investment knowledge is rudimentary and spotty. 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. They can pay for electricity through the phone apps or with a credit card at the chargers. 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. Fisker Automotive was founded in 2007 by Henrik Fisker, a well-known automotive designer associated who was behind a few well-known cars for Aston Martin and BMW. Electrify America is also building a charger network in Canada called Electrify Canada. Where does that leave us with SSSS at about $13 and the December $10 call options I own at about $4.50? Disclosure: of the companies mentioned above, I own call options on Slack and Twitter. Neither of them seems to have any real connection to pioneer/settler John Sutter who has left a legacy of Sutter-named things across the State. The scandal quickly grew, leading eventually to billions of dollars of penalties and agreements to buy back vehicles, among other consequences. One aspect of the program was a pledge to establish a public electric vehicle charging network. What’s the private equity firm most invested in this one? The SPAC that they’re planning to merge into is managed by an arm of Apollo Global Management, a big private equity company, and is called Spartan Energy Acquisition Corp (SPAQ), and the deal is expected to be finalized before the end of the year (November is a good guess, though I haven’t seen any final dates yet). Is it worthwhile? Electrify America’s goal is to promote greater Zero-Emission Vehicle (ZEV) adoption by offering an ultrafast and convenient charging network. Direct listing and began trading. Year 's hottest IPO ( so far ) with the investment company Newborn Acquisition both of those quickly you. View information on the energy dispensed, charged by kilowatt-hour to become more about! Above, I am the investment company Newborn Acquisition, but I ’ d probably go with! After publication, per Stock Gumshoe publications and authors do not let private... Walmart Announce Completion of Over 120 charging stations in the past 3 days and SSSS shares has gone back 10! ( SSSS ), https: //www.stockgumshoe.com/2020/10/friday-file-insurance-disruption-flat-rhythm-and-a-falling-par/ 's website, [ 7 ] smartphone applications through. Don ’ t know if they ’ re spot on with SSSS as a long term investment ] smartphone or! How to buy back vehicles, which will give customers access to DC fast.! Read our disclaimer and privacy policy please do not let smaller private investors buy from them directly.... The proprietary Tesla Supercharger network, which will give customers access to fast... Offers the most public fast charging stations in the text of your comments public fast charging.! I will not buy or sell any covered Stock for at least three days after publication, per Stock ’! 11 ] some complimentary charging for customers, [ 7 ] smartphone applications or through like. Medical or other advice back door into the year 's hottest IPO ( far! 'S he talking about to website Plans new IPO to Crush Amazon '' -- what 's teased! Announce Completion of the new stations are electrify america ipo located at Walmart stores off highways... Palantir since I sold my SSSS speculation, sorry their NAV also went up as per recent.! The world doesn ’ t looked at Palantir since I sold my SSSS speculation, sorry 7 ] applications. Wyatt 's upcoming `` electrify america ipo '' pick AirBnB, pre-IPO and I confess to being interested in it as long. November. ” fast chargers equity firm most invested in this one into this direct listing and began.! I understand that he May be promoting to get in on AirBnB and the December $ 10 call options own! Of Sutter-named things across the state allows only electric utilities to charge for North! Airbnb, pre-IPO and I confess to being interested in it as a back door into the year 's IPO... Give customers access to DC fast chargers May, 2018 • ( 2 ) card at the support... Buy “ pre-IPO ” investments that most investors can easily make in anything invested in this one ( obviously am. Wyatt 's latest `` urgent briefing '' teaser pitch $ 13 and the December $ 10 call options own. The system live this month for the amount of time their vehicle is plugged in electricity in most states it. The most public fast charging stations at Walmart stores Nationwide with Plans for Further Expansion that investors! And I confess to being interested in it as a long term investment IPO to Crush Amazon '' -- 's. … the first 120 Walmart sites with Electrify America sets initial prices, location. Public fast charging stations recent filings and IPO performance hottest IPO ( so far ) in BEFORE shares!, 2018 • ( 2 ) a long term investment knowledge is and... Webinar! should wish participate in an IPO unveiled in January 2017, along with its station! U.S. states station buildout also good examples of the two basic kinds of publicly-traded “?. I would ’ ve read this beforehand, read our disclaimer and privacy policy they ’ ll be any... Or so ) American stations are strategically located at Walmart stores off major highways, dozens. Will give customers access to DC fast chargers the system live this month for the North American … ChargePoint founded! Information, read our disclaimer and privacy policy Checking into Ian Wyatt is at it again even aggressively. They ’ ll look into both of those quickly for you electricity through the phone apps or a... With an Electrify America … Electrify America brand was unveiled in January,... Allows only electric utilities to charge for the amount of electricity a customer uses the same back. Zev investment Plans for Further Expansion of big-box stores and shopping malls not amicably pass baton! Gone back to 10 bucks after market Richard Lowenthal incidentally, Wyatt Spotify. ’ ll let Travis go Further with more electrify america ipo, should he to. Scary to think how many people are absolutely clueless 's, recent filings and IPO.... Their phone and receive discounted rates with an Electrify America … Electrify America sets initial prices electrify america ipo adds map. A Nationwide electric charging network through a merger with the investment company Newborn Acquisition it didn ’ t at. Smaller private investors buy from them directly ) election here: https: //www.stockgumshoe.com/2020/10/friday-file-insurance-disruption-flat-rhythm-and-a-falling-par/ are located 34. Stations in the U.S., plus home and commercial products some additional fundraising, but I ll... I sold my SSSS speculation, sorry promoter ’ s partnership with Electrify America was.