Uber – Uber went public on May 10, 2019, at an offer price of $45. Arrival becomes latest electric vehicle startup to test the public markets with a SPAC. 18 Nov 2020. The Deal: Arrival, a U.K. electric vehicle company, is going public via CIIG Merger Corp (NASDAQ: CIIC). 18 Nov 2020. The company will be going public with a … Arrival is a potential rival to U.S. startup Rivian, backed by Ford Motor Co. and Amazon, among others, which is building 100,000 electric delivery vans for Amazon. Unlike most of the EV companies going public via SPACs, Arrival isn’t going after the passenger-vehicle market. Arrival. UK electric vehicle maker Arrival is going public via SPAC at a $5.4 billion valuation. The joint venture Arrival Group is expected to trade its shares on the US Nasdaq stock exchange under the ticker symbol […] But Lyft beat Uber to an IPO and Lyft’s lackluster IPO caused Uber to go public with a stock price of $45, which was much lower than expected. 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. Arrival, an electric vehicle automaker that makes buses and vans, will be going public with the NASDAQ symbol ARVL. TechCrunch. This has been made possible via a merger with the CIIG Merger Corporation, for which a final agreement has now been signed. Fortune. The English electric commercial vehicle developer Arrival is planning to go public. UPS has already ordered 10,000 electric vans from Arrival with an option to double that order. Instead, it sees opportunity in electric buses and vans. Uber’s IPO was highly anticipated – the company had an IPO valuation of $82 billion. 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. After the merger, the company will trade on Nasdaq under the ticker "ARVL." Other electric-vehicle startups including Nikola Corp. and Fisker Inc. have agreed to go public through SPAC mergers, and Lion Electric Co. is among companies pursuing a blank-check deal. The deal values the company at $5.4 billion, according to CNBC . EV startup Arrival goes public at $5.4 billion valuation in SPAC deal. CIIG, led by chairman and CEO Peter Cuneo, raised about $260 million in a December 2019 initial public … Arrival boasts a few key differences from the other newly or soon-to-be public EV players. The SPAC, CIIG Merger Corp., originally went public in September 2019. 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.