node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Nasdaq Boardvantage Board Portal Software, Renaissance International ETF (symbol: IPOS), Do Not Sell My Personal Information (CA Residents Only). Founded in 2007, ChargePoint is a category creator … Switchback I went public last year and is now in a pending… The stock … ChargePoint is expected to be valued at $2.4 billion when it begins trading on the New York Stock Exchange in late December. 1125 N. Charles St, Baltimore, MD 21201. EV charging network ChargePoint announced it would go public on the New York Stock Exchange via a deal with a special-purpose acquisition company (SPAC) called Switchback… Article printed from InvestorPlace Media, https://investorplace.com/2020/12/buy-switchback-stock-before-chargepoints-spac-deal-closes/. In September 2020, Switchback Energy announced a deal to merge with electric vehicle charging network operator ChargePoint. Switchback II Corp. was founded in 2020 and plans to list on the NYSE under the symbol SWBK.U. © 2021, Nasdaq, Inc. All Rights Reserved. In this case the new company is ChargePoint. Rings the Opening Bell in Celebration of its IPO, Poshmark, Inc. The company builds and operates the charging stations and related infrastructure that are desperately needed to increase electric-vehicle adoption around the world. When the merger is final, the new company will be known as ChargePoint Holdings. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. Jan. 22, 2021, Don’t Buy CCIV Stock Now. As the tag implies, these companies are shells created to merge with a firm wanting to go public. In addition to benefiting from  burgeoning demand in the electric-vehicle market, ChargePoint is also forming smart partnerships with leading companies and brands. In very surprising news, Switchback Energy (SBE.U), the $300 million energy SPAC, underwritten by Goldman Sachs, Citigroup and Credit Suisse, opened today at … ChargePoint is using the special purpose acquisition company (SPAC), Switchback Energy (SBE) for its IPO. Blank Check Companies Target Battery And Charging Suppliers … Shares of special purpose acquisition company (SPAC) Switchback Energy Acquisition were moving higher today, trading up more than 10% as of 3:30 p.m. EST. Rings the Nasdaq Stock Market Opening Bell in Celebration of its IPO, US IPO Week Ahead: Foreign issuers dominate a 4 IPO week, Cancer biotech Immunocore files for a $100 million US IPO, Home healthcare equipment provider Apria files for an estimated $800 million IPO, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /(^[A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~][A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~\.]{0,62}@(([A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])?)(\.[A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])? I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. ChargePoint Stock Business Model. Rings the Nasdaq Stock Market Virtual Bell in Celebration of its IPO, Petco Health and Wellness Company, Inc. Switchback Energy Acquisition Corp (NYSE: SBE), a special purpose acquisition company (SPAC agreed on Sept. 24 to merge with ChargePoint, an electric vehicle (EV) charging startup. And the company is now rolling out its charging-station infrastructure in 16 European countries. And ChargePoint has forecast that its 2019 revenue of $145 million will swell to more than $2 billion by 2026. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. All rights reserved. Switchback Energy Acquisition Corp Stock News NYSE:SBE. Switchback II Corp., the second blank check company formed by NGP and former RSP Permian executives targeting energy technology, filed on Friday with the SEC to raise up to $250 million in an initial public offering. ChargePoint currently controls 73% of the 240-volt EV charging stations in the North American market. Type a symbol or company name. The deal is worth $2.4 billion. The combined company will take the name ChargePoint Holding and list on the NYSE. Rings the Nasdaq Stock Market Closing Bell in Celebration of its IPO, Playtika Holding Corp. Switchback is a special purpose acquisition company, or a SPAC, which is a different route to take a company public. In anticipation of the deal closing by the end of December, the shares of SBE stock rose 154% in November and added a further 8% gain in the first week of … ChargePoint is a great way to broaden one’s exposure to the electric=vehicle market without having to roll the dice on one of a dozen unproven electric-vehicle stocks. The volatile stock is currently trading around … Since that time, the stock's … @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. Energy technology SPAC Switchback II Corp. files for a $250 million IPO, Palantir’s Covid-19 Contract With US Government Under Threat – Report, Weekly Preview: Earnings To Watch This Week (IBM, INTC, NFLX, UAL), What To Do if You Haven't Received Your $600 Stimulus Check, Driven Brands Holdings Inc. Grand choix de Consoles Nintendo Switch pas chères. ChargePoint should be in decent financial shape as the U.S. economy emerges from Covid-19. And, based on everything ChargePoint has working in its favor, it is a safe bet that the company’s stock will rise further throughout 2021 as the global economy rebounds and the green revolution in the U.S. takes off under the administration of president-elect Joe Biden. In this case Switchback Energy Acquisition is merging with ChargePoint in a $2.4 billion deal. Investors are clearly excited about the upcoming SPAC deal that will bring ChargePoint’s shares to the market. But Pounce on the Lucid Motors Merger, CCIV Stock: Comparing Lucid Motors to Tesla as ‘Merger Monday’ Hopes Soar, Top SPAC Merger News This Week: Lucid Motors, EVgo, Joby Aviation and 7 More Hot SPACs, 7 Best Penny Stocks to Buy Early Into 2021, How the Internet Sent GameStop Stock Up 1,000% — And Where It’s Going Next. Switchback II Corp., the second blank check company formed by NGP and former RSP Permian executives targeting energy technology, raised $275 million by … These deals demonstrate the ways in which ChargePoint is thinking outside the box and innovating to help advance the worldwide electric-vehicle revolution. 11 Things to Know About the GameStop Drama >>>, Buy Switchback Stock Before ChargePoint’s SPAC Deal Closes, Louis Navellier and the InvestorPlace Research Staff, A Play on the Biggest Scientific Breakthrough of the Century, What Did the Stock Market Do? SBE stock gives investors a chance to get in on ChargePoint’s stock market debut before the SPAC deal is completed. This year, there a dizzying number of special purpose acquisition companies (SPACs) going public, many of which have ties to the electric vehicle (EV) industry. For investors, that adds up to big growth. Switchback Energy Acquisition Corporation is a SPAC that does not have significant operations. The article Energy technology SPAC Switchback II Corp. files for a $250 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Copy and paste multiple symbols separated by commas. Switchback Energy Acquisition Corp. Cl A. Switchback Energy Acquisition Corp. is a blank check company, which operates as an emerging growth company. 2021 InvestorPlace Media, LLC. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The company is led by Co-CEOs and Directors Scott McNeill and Jim Mutrie. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? quotes delayed at least 15 minutes, all others at least 20 minutes. The SPAC raises money, conducts an IPO (thus SBE stock) and has a limited window to make a deal. Jim Cramer makes EV SPAC recommendations after big sell-off 11:54pm, Monday, 04'th Jan 2021 "Mad Money" host Jim Cramer offered takeaways on QuantumScape, Switchback Energy Acquisition, Luminar Technologies, Canoo, XL Fleet and Ciig Merger. At $40, SBE stock is running into a similar problem. Yes! ESTIMATED CURRENT FUNDS in TRUST: $317.2 million*CURRENT PER SHARE REDEMPTION PRICE: $10.10*ENTERPRISE VALUE: $2.4 billion *SPACInsider estimate a/o 11-14-20 Switchback Energy … That is because ChargePoint has a lot of potential as a company and is poised to grow in the future. Retail investors who buy SBE stock now will likely look back and be pleased that they nabbed the shares while they were trading under $40. The company filed confidentially on November 2, 2020. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned. The first movie is “Forrest Gump,” famous for the line, “Life is like a box of chocolates. Learn More . You never know what you’re gonna get.” The second is Read more. Whereas retail investors are typically shut out of traditional IPOs and can’t buy the shares of a company before they begin trading on a stock exchange, small investors can buy the shares of a SPAC company such as Switchback Energy before they merge with their intended target and morph into the new company. ChargePoint Stock allows the retail investor to get onto the Electric vehicle bandwagon. It currently operates the largest network of independently owned electric-vehicle-charging stations in the world. Switchback Energy Acquisition Corporation. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i