Yet, when the company went public in November 2020 via a special purpose acquisition company (SPAC) reverse-merger, Wall Street had high hopes for future quarters. A sign for QuantumScape (QS). QS stock skyrocketed from under $20 per share in November to $132.73 at the end of 2020.
Is QuantumScape a listed company?
QuantumScape, which got listed on Nov. 27, 2020, rose 283% by the end of 2020. The stock’s fall in the beginning of 2021 was largely a correction of that rise, and the stock is now trading close to its price at the time of IPO.
When did QuantumScape go public?
It has been widely reported that QuantumScape last raised $200 million in June 2020 at a post-money valuation of $2.3 billion. QuantumScape became a publicly listed company on November 22, 2020 after completing a business combination with Kensington Capital Acquisition, a publicly traded SPAC.
Can I buy QuantumScape stock?
, you can buy QuantumScape stock in any dollar amount, or any other fund or stock you know on Stash.
What price did QuantumScape IPO at?
The offering is priced at $40 per share, well below the $60 plus levels, the stock was trading around on Monday.
Did Bill Gates invest in QuantumScape?
QantumScape was founded in 2010 by Singh and backed early by Microsoft founder Bill Gates and auto giant Volkswagen. Both continue to be investors in QuantumScape.
Who bought QuantumScape?
Volkswagen
In June 2020, Volkswagen made an additional $200 million investment into the company. On September 3, 2020, QuantumScape announced a merger with the special-purpose acquisition company Kensington Capital Acquisition.
Is QuantumScape private?
EV Battery Maker QuantumScape Just Went Public.
Why is QuantumScape being sued?
According to the subsequently filed securities class action complaint, in a series of statements in late 2020 and early 2021, QuantumScape made a number of representations about its batteries’ capabilities, the results of various tests of its batteries, and about the extent to which its batteries addressed the long-
How did QuantumScape go public?
QuantumScape went public on the New York Stock Exchange on Friday, November 27 through a special purpose acquisition company (SPAC) merger. The merger was done with Kensington Capital Acquisition Corp. (NYSE: KCAC). Kensington Capital Acquisition was founded by Justin Mirro.
How much cash is QuantumScape?
Compare QS With Other Stocks
| QuantumScape Annual Cash on Hand (Millions of US $) | |
|---|---|
| 2020 | $998 |
| 2019 | $130 |
Is NIO a good stock to buy?
Even after its 2021 pullback, Nio has still been a top-performing stock overall in recent years. Investors buying the dip in Nio stock are still paying a more than 300% premium to the stock’s price two years ago. Nio is one of many stocks that have rallied on investor enthusiasm for EV investments.
What do analysts say about QuantumScape?
The 6 analysts offering 12-month price forecasts for Quantumscape Corp have a median target of 23.50, with a high estimate of 30.00 and a low estimate of 18.00. The median estimate represents a +48.92% increase from the last price of 15.78.
What battery company just went public?
Shares of Ford- and BMW-backed battery supplier Solid Power surge in Nasdaq debut. Shares of electric vehicle battery cell supplier Solid Power Inc. surged during their debut Thursday morning on the Nasdaq following the company completing a SPAC deal to bring it public.
What companies are working on quantum glass batteries?
Top quantum glass stocks
| Company | Market Cap | Description |
|---|---|---|
| Toyota Motor Corporation (NYSE:TM) | $241.9 billion | World’s No. 1 auto manufacturer. |
| Decarbonization Plus Acquisition III (NASDAQ:DCRC) | $447 million | SPAC that is merging with solid-state battery start-up Solid Power. |
What is the stock symbol for the Jesus battery?
GWH
Now it goes public via SPAC to begin trading Monday on the New York Stock Exchange under the ticker symbol GWH. It hopes to raise $308 million through the deal.
Who are the biggest investors in QuantumScape?
Top 10 Owners of Quantumscape Corp
| Stockholder | Stake | Total value ($) |
|---|---|---|
| The Vanguard Group, Inc. | 5.08% | 285,530,200 |
| BlackRock Fund Advisors | 2.45% | 137,684,722 |
| Norges Bank Investment Management | 1.93% | 108,485,000 |
| Global X Management Co. LLC | 1.35% | 75,671,926 |
Is QuantumScape technology real?
QuantumScape, a startup developing solid-state lithium-ion batteries for electric vehicles, went public last November, after completing a merger with a special purpose acquisition company.
Who is partnering with QuantumScape?
Lithium-battery maker Quantumscape announces partnership with Fluence. Jagdeep Sing, Quantumscape co-founder and CEO, joins ‘Power Lunch’ to discuss Quantumscape’s partnership with Fluence on lithium battery technology.
Did QuantumScape go public via SPAC?
(Among the others: QuantumScape ( QS -3.40% ), which drew lots of attention from investors after it went public via its own SPAC deal late last year.)
Who brought QuantumScape public?
Volkswagen AG
(Reuters) – QuantumScape, the 10-year-old Silicon Valley battery startup backed by Volkswagen AG, said on Thursday it plans to go public through a reverse merger with Kensington Capital Acquisition Corp with an enterprise value of $3.3 billion.