In fact, IPOF stock is up nearly 50% from its opening price of $10 (That’s the standard opening price for a SPAC… Investors who buy the shares of a SPAC before it chooses a target are “going in blind.” However, in most cases, an investor can sell his or her  SPAC shares if they don’t like the target it chooses. IPOF: Get the latest Social Capital Hedosophia stock price and detailed information including IPOF news, historical charts and realtime prices. So far, Social Capital Hedosophia V stock has more than doubled in 2021. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. But just because the mania is continuing doesn’t mean its unstoppable. Social Capital Hedosophia Holdings IV raised $400 million in 2020, while Social Capital Hedosophia Holdings VI is a $1 billion SPAC. Based on his strong track record, which includes past winners like Virgin Galactic (NYSE:SPCE), IPOF stock has been bid up to around $15 per share, representing a 50% premium to its offering price. Social Capital Hedosophia Holdings Corp VI (NYSE:IPOF) is the next SPAC (special purpose acquisition company ) … The first is that the market is filled with speculation that is adding volatility to stocks’ volatility. Discover new investment ideas by accessing unbiased, in-depth investment research, NYSE - NYSE Delayed Price. It’s hard to say when, but at some point this bubble and all the other bubbles still in motion will come to a screeching halt. 1125 N. Charles St, Baltimore, MD 21201. Find real-time IPOE - Social Capital Hedosophia Holdings Corp. V stock quotes, company profile, news and forecasts from CNN Business. Thomas Niel, a contributor to InvestorPlace, has written single stock analysis since 2016. The stock market was having a rather negative day on Friday morning, ... (SPAC) Social Capital Hedosophia Holdings V was soaring, with shares up by nearly 30% at 10:30 a.m. EST. I prefer “buy a dollar for 50 cents” kinds of situations. Current odds from Bovada show Palihapitiya at -105, slightly below the favorite Newsom at -110. SPAC firms do not have any motive to have commercial operations. IPOD offers a solid low-risk investment, especially if it follows the same trajectory as IPOB and IPOC. Since then the stock has fallen 22% or so. That is what might attract Stripe to this deal. Social Capital Hedosophia Holdings Corp V (NYSE:IPOE) announced a merger with fintech company SoFi in early January. So what. Investors seem to be wrestling with two competing statements that are both difficult to refute. Social Capital Hedosophia Holdings Corp VI (NYSE:IPOF) is the next SPAC (special purpose acquisition company ) vehicle that Chamath Palihapitiya has put in-line to merge with a large private technology company. Recent reports emerged of a rumor that Stripe, a major fintech transactions company based in Silicon Valley, was a target for IPOF. However, the keyword is “today’s unique market environment.” The bears have lost big trying to find a top in this manic stock market. As I mentioned at the outset of the column, the price of IPOF stock is high right now. SPAC Investing: Why Social Capital Picked Clover Health ... free stock, free this, free that, so costs are going up. It stands to reason that many companies will be interested in partnering with his SPAC. A special purpose acquisition company (SPAC) is a company that is created to acquire other existing firms and for that, the capital is raised through IPOs. And that’s why I see IPOF stock as a worthwhile investment. Then the regulatory oversight of these businesses is getting tighter. So if you’re going to set aside some of your portfolio for speculative equities, IPOF stock could be a way to go. It just recently completed its reverse merger. I last wrote about Social Capital Hedosophia Holdings VI (NYSE: IPOF) and IPOF stock near the end of January.I suggested that investors consider buying all 26 of … Anything Social Capital Hedosophia touches immediately generates hype among market investors. If Social Capital doesn’t merge with a target company, its shares will fall back to $10. But Palihapitiya has not indicated which companies he is considering choosing. I don’t understand why anyone would pay a 50% premium for what amounts to a pile of cash. However, one stumble was Clover Health (NASDAQ:CLOV), previously IPOC, which went public in early January. Find the latest Social Capital Hedosophia Holdi (IPOD) stock quote, history, news and other vital information to help you with your stock trading and investing. Their stock prices are … When the target is announced, unless it is a real dud like Clover Health, they expect to see IPOF to move at least 40% to 50% higher in value. In other words, those who buy the shares are betting that the SPAC mania can continue, rather than that this particular SPAC will announce a game-changing deal. But if the markets start to correct, the shares’ performance may not be nearly as good. On the date of publication, Mark R. Hake does not hold a long or short position in any of the stocks in this article. However, I believe, that given the excellent Palihapitiya track record, and the potential Stripe merger rumors, it is worth gambling a little on IPOF stock. His next SPAC (IPOB) took Opendoor Technologies (NASDAQ:OPEN) public at the end of 2020, now with a $19 billion market cap. A SPAC can also be good for retail investors. Yet his last five SPACs debuted during the bubbliest of times for blank-check companies. IPOE stock is now at $23. Chris Markoch is a freelance financial copywriter who has been covering the market for seven years. 7 Overvalued Stocks Investors Just Don’t Get Tired Of Why IPOF Stock Is Worth Buying for $15 Despite the stock’s premium, its potential reward may outweigh its risk, based on the performance of Chamath Palihapitiya’s prior SPACs. What Did the Stock Market Do Today? Social Capital Hedosophia Holdings III, the third blank check company formed by Social Capital and Hedosophia targeting a non-US tech business, is expected to … The third Social Capital SPAC, IPOC was a merger with Clover Health Investments (NASDAQ: CLOV). Hence, there is a measure of risk involved in owning IPOF stock. CNBC’s […] Nasdaq Here's My Preferred Approach With Social Capital SPACs Until we see one of these SPACs fail, buying the units, stock, or warrants as early as possible has been hugely rewarding. After discussing a possible run against Newsom, Palihapitiya seems less likely to explore the option. IPOE SPAC stock rose about 60 percent on Jan. 7 after announcing the deal to take SoFi public. Mark Hake writes about personal finance on mrhake.medium.com and runs the Total Yield Value Guide which you can review here. Social Capital Hedosophia Holdings V. Price Action: Shares of IPOD and IPOF were each up 2% Wednesday. On the date of publication Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/ipof-stock-offers-low-risk-high-reward/. #1 Play to Profit from Biden's Presidency The post IPOF Stock Has No Target Yet, But Chamath Palihapitiya Is Worth Betting On appeared first on InvestorPlace. All rights reserved. However a solid single may still do the job. How do SPAC Stocks Work? IPOD is expected to announce its target in early 2021, so investors should buy in now if they want this stock in their portfolio before it merges. If Palihapitiya does hit a home run, IPOF stock will likely charge a lot higher. As far back as last October, major media outlets have said the “SPAC Bubble” was about to burst. 1125 N. Charles St, Baltimore, MD 21201. But so far that hasn’t happened. All but one stock on Cramer's SPAC shopping list declined this week, including double-digit falls in Social Capital Hedosophia and Star Peak Energy Transition. IPOF stock is … The stock … Image source: Getty Images. Assuming today’s unique market environment continues, even if Social Capital Hedosophia VI chooses the wrong merger partner, the risk facing IPOF stock may be lower than it appears at first glance. Palihapitiya hasn’t identified which company Social Capital Hedosophia intends to merge with for its sixth SPAC. It’s only February, but it seems like the huge popularity of SPACs will continue into this year. Bill Ackman’s SPAC, Pershing Square Tontine (NYSE:PSTH), is in a similar situation. The question is why would Stripe merge with this Palihapitiya SPAC when they could easily just go and do an IPO? It’s a 50-50 proposition. Do this now. For example, if IPOF stock moves to $23, that implies a potential gain of over 50% over today’s price of $15.06 per share. For all practical purposes, this means that the deal has to be announced no later than 6 months before then, or April 2022. For example, Wikipedia reports that the latest valuation was $36 billion as of April 2020. But, with his success coming during a decade-plus long bull market, it’s too early to determine the accuracy of this proclamation. That’s because, as long as the euphoria continues, the insane valuations SPACs are paying for early-stage “growth stories” are perceived as reasonable. Here are two SPAC stocks to buy right now that should make you a fortune over the long term. But he has almost two years to find a target. The SPAC is yet to announce a merger deal. It’s a Gamble If Palihapitiya is able to pull off a merger with Stripe at a higher valuation than $36 billion, IPOF stock will soar. Just like Social Capital, PSTH trades at a rich premium to its offering price, mainly based on the reputation of its sponsor. Social Capital SPAC surges 25% after it confirms tie-up with Opendoor, Chamath Palihapitiya calls it his 'next big 10x idea' Matthew Fox Sep. 15, 2020, 09:09 AM SoFi, short for Social Finance, was last valued at $5.7 billion in private markets, and has raised cash from venture capital giants such as SoftBank and Peter Thiel, according to PitchBook. 1. If they like working with Palihapitiya, then I can see this happening. 3 Big Stories to Catch Up On. What Happened: On his All-In podcast hosted with friends, Palihapitiya discussed the possibility of running for governor of California. Yet, even though that company is facing a scandal, its stock today is trading for $10.67 per share, which is still above the SPAC’s $10 per share offering price. SPAC stocks can go up pre-acquisition, with SPAC Insider reporting annualized rates of return, or ARRs, as high as 485% over the last three years, ... Social Capital Hedosophia Holdings Track Record Counts with SPACs Finding a quality private company where the owners are willing to take shares in a SPAC is highly dependent on the SPAC’s sponsor reputation. Much depends on whether the market pulls back before or after Social Capital announces a merger deal. It just recently completed its reverse merger. 8 Cheap Stocks Under $20 That Could Double For example, he was an early investor in Slack (NYSE:WORK) which now has a $25 billion market capitalization. Palihapitiya hasn’t identified which company Social Capital Hedosophia intends to merge with for its sixth SPAC. He has been writing for Investor Place since 2019. That depends on the position of Social Capital Hedosophia VI when the bubble bursts. It’s all speculation now. Again, in such a scenario the declines of IPOF stock could be limited, since the SPAC so far hasn’t announced a deal. 2021 InvestorPlace Media, LLC. Source: Shutterstock That is why it now trades for over $15 per share, even though its IPO was at $1o. If the market’s current mania continues, his latest SPAC could be very profitable for investors. In a rosy scenario, IPOF stock could hit $20-$30 per share if a deal gets announced in the next few months. The so-called SPAC King Chamath Palihapitiya has been very critical of California Governor Gavin Newsom, even calling for his recall. Benzinga does not provide investment advice. quotes delayed at least 15 minutes, all others at least 20 minutes. The frenzy among retail traders may have helped enable one of 2020’s most popular investing trends to continue in 2021. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. And because SPACs have cash on hand that they will provide to their target companies, there is less uncertainty for everyone concerned than with IPOs. If that report comes to pass, you can expect that IPOF stock will move higher. His first SPAC (IPOA) took Virgin Galactic (NYSE:SPCE) public, and it now is at an all-time high with a $14 billion market valuation. ... Palihapitiya is the man behind Social Capital Hedosophia Holdings IV. In that case, the shares could temporarily fall below their offering price due to panic selling, but partially bounce back soon afterwards. Churchill Capital IV Will Likely Create Shareholder Value, In a Year, You’ll Be Glad You Bought Plug Power Stock Today, How Crypto Startup HUMBL Became the Top Penny Stock of 2021, 7 Robinhood Stocks To Buy for Your Penny Stocks Portfolio, Dogecoin Is Fully Capable of Going ‘Whale’ Hunting. Palihapitiya is the Chairman of Virgin Galactic (NYSE: SPCE) and also has Social Capital Hedosophia Holdings IV (NYSE: IPOD) and Social Capital Hedosophia Holdings VI (NYSE: IPOF) still searching for SPAC merger deals. #1 Play to Profit from Biden's Presidency The post The Pros and Cons of Buying Social Capital Hedosophia VI Stock for $15 Per Share appeared first on InvestorPlace. That’s the risk-reward situation that investors  have to consider. See more from BenzingaClick here for options trades from BenzingaFintech Payoneer Tackling Trillion Market: What Investors Should Know About SPAC DealREE Automotive: With .1B In Signed Deals, Could This Be Next Great EV SPAC?© 2021 Benzinga.com. So far, all but one of his SPACs has performed well. That’s not unusual for a SPAC, but it does mean that investors believe that Social Capital Hedosophia VI will swing for the fences. The investor wouldn’t rule out running but said he would need to figure out his businesses and possible conflicts of interests among his investments and a political career. “Let’s be really honest. One SPAC drawing attention is Social Capital Hedosophia VI (NYSE: IPOF). Social Capital Hedosophia V raised around $800 million in an IPO on the New York Stock Exchange in October. One SPAC drawing attention is Social Capital Hedosophia VI (NYSE:IPOF). However, although Social Capital Hedosophia IV (NYSE:IPOD) stock has no target it is trading above $16. Subscribe to Premium to view Fair Value for IPOF. And, if investors do think the SPAC will be successful, buying its shares early will allow them to generate a higher profit. But after the SPAC has merged with an operating business, its shares could fall meaningfully once the SPAC euphoria ends. But if the company has already announced a deal or has closed on a deal, the decline may be larger. Currency in USD, Trade prices are not sourced from all markets. It’s time to buy all six Social Capital SPACs. What does that mean for IPOF stock? As a result, it’s really important that investors buy IPOF stock before he announces his target. However, the SPAC is sponsored by venture capitalist Chamath Palihapitiya who has a strong track record of success with SPACs. I suspect it would easily double. However, investing in SPACs doesn’t always work out well for investors. This is especially so since a SPAC deal will clarify ahead of time how much capital the company will receive. All rights reserved. Never mind, investors say, he is more than likely to find a good target and we want to get a jump on the price when it announces the target. The second is that investors who are looking for a return on their capital have few other options other than buying equities. Copyright © 2021 InvestorPlace Media, LLC. Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF) is the sixth special purpose acquisition company (SPAC) from superstar investor Chamath Palihapitiya. Shares of the SPAC are up … Please note, there is no guarantee that this is even IPOF stock’s target. Going public with SPACs is cheaper and faster than using a traditional initial public offering (IPO). © 2021 Verizon Media. Social Capital Hedosophia VI (NYSE:IPOF) stock is the latest SPAC (special purpose acquisition company) from investor Chamath Palihapitiya. If you believe in his stock value creation track record, IPOF stock is likely to do well. IPOB stock is up 50% since. Hence, there is a measure of risk involved in owning IPOF stock. In the case of Social Capital Hedosophia VI, its target is not yet known. But Social Capital Hedosophia V (NYSE:IPOE) recently announced that it will merge with Millennial finance company Sofi Finance. Management has until Oct. 14, 2022, according to page 6 of its 10-Q, to find and complete a merger. In fact, IPOF stock is up nearly 50% from its opening price of $10 (That’s the standard opening price for a SPAC). But that sentiment could turn on a dime if the markets correct, much like they did 20 years ago, in the aftermath of the “dotcom bubble.” The Bottom Line on IPOF Stock Chamath Palihapitiya may see himself as the Reddit era’s answer to Warren Buffett. He has an excellent track record. On the date of publication, Thomas Niel did not (either directly or indirectly) hold any positions in the securities mentioned in this article. The third Social Capital SPAC, IPOC was a merger with Clover Health Investments (NASDAQ: CLOV). So is IPOF stock going higher or lower? If the company does not find a target in time, it will have to return its $566 million in cash, according to its latest 10-Q, to shareholders at $1o. However, every SPAC investment carries risk. At this point, I’ll refer you to what InvestorPlace columnist Mark Hake had to say about Palihapitiya’s track record, which is quite good. At a time when many equities are speculative, the risk posed by Social Capital’s SPAC seems reasonable. All rights reserved. But this is an interesting time for investors, since many traditionally “safe stocks” are looking bubbly. Now before you start getting dollar signs in your eyes and think every SPAC stock is going to produce 400% returns, they haven’t really lived up to the hype in years past.

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