CIIC stock is up more than 30% this morning! Company Description. Arrival has gone from stealthy electric vehicle startup to prospective public company in a span of a year. Arrival lists its shares on Nasdaq with the symbol “ARVL” First Electric Vehicles due Q4 2021. Company registration number 09475811, It’s main line of business activity is Other research and experimental development on natural sciences and engineering … Stocks trade flat to slightly lower; Dow sheds 130 points, or 0.4% . The company is investing just $46 million to set up its first U.S. production facility in Rock Hill, South Carolina, and will employ 240 workers when it opens late next year. 04/28: China's fuel clampdown curbs its LCO imports, Korean refiners to suffer: RE. 04/28: Malaysia's Petronas adds three new vessels to global LNG fleet: RE. Arrival expects the IPO to generate gross proceeds of approximately USD 660 million (currently 558 million euros). Dow Jones, a News Corp company About WSJ. Investors stand to pocket a 67% gain should the analyst's thesis play … It says its vehicles will be price-competitive with gas burners. The company serves in the United Kingdom, the United States, Germany, and Russia. Arrival, an electric vehicle automaker that makes buses and vans, will be going public with the NASDAQ symbol ARVL. Arrival announces it has entered into a definitive business combination agreement with CIIG Merger Corp.The newly combined company will be listed on the NASDAQ under the new ticker symbol “ARVL”. Cramer said he would be more bullish on the stock if it comes down roughly $6 from its current level, likening Arrival to … On the technical side, indicators suggest ARVL has a 50% Sell on average for the short term. Accordingly, Group rates Arrival shares an Outperform (i.e. Arrival is only one company but, with a £4.1bn valuation, it would have been a short hop away from the FTSE 100 index if it had a premium listing in London. Arrival is based in Howald, Luxembourg. Buy) along with a $50 price target. Arrival Ltd is a British automobile company headquartered in London, UK that develops electric vehicles, primarily lightweight commercial vehicles. UK-based electric bus startup Arrival wrapped up its merger with special purpose acquisition company (SPAC) CIIG Merger Corp. It offers trucks, vans, buses, and other commercial vehicles. The transaction values the combined company at an enterprise value of US $5.4 billion and is expected to provide approximately US $660 million in gross cash proceeds to the Company. This would give the company a valuation of USD 5.4 billion (4.56 billion euros). Royal Mail, an important postal service and courier company in the UK, unveiled a new electric truck made by Arrival. In December 2020, Arrival established its North American headquarters in Charlotte, NC, USA. See insights on Arrival including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. R&D takes place at their facility in Banbury, Oxfordshire. ARRIVAL LIMITED is a Private limited with Share Capital company based in UNIT 2 SOUTHAM ROAD, BANBURY, OX16 2DJ BANBURY, United Kingdom, which employs 104 people. 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. End-of-day quote Korea Stock Exchange - 04/28: 221500: KRW +0.68% : 01:36a: Samsung sees chip profits up, mobile profits down in second quarter on chip shortage: RE. News • Apr 22, 2021. Rugoobur said Arrival is in “late stage sales discussions with a variety of different players both for our bus and van.” He said the company was getting a lot of interest from “e-commerce players and logistics players” and said the pitch was a “no-brainer” given Arrival’s vehicles are a similar price … Arrival focuses on the design, research and development, assembly, and production of robotics and electric vehicles. Existing home sales slow for second straight month, while prices reach new high. Recently, Arrival announced plans to build its second US microfactory in Charlotte, North Carolina. Arrival has major deals for its electric vans and buses in place with the likes of UPS. Here's how you can buy in. Arrival company facts, information and financial ratios from MarketWatch. Arrival. With all that excitement in mind, here are 13 things to know about the Arrival SPAC Merger. The company is U.K.-based Arrival, which plans to combine with CIIG Merger (ticker: CIIC) in a transaction that valued the enterprise at $5.4 billion. A career with Arrival will put you at the heart of an ambitious technology company, with a vision to build better. Arrival stock is now publicly available to purchase. Company profile page for Arrival Ltd including stock price, company news, press releases, executives, board members, and contact information LONDON, April 30, 2021 (GLOBE NEWSWIRE) -- Arrival (NASDAQ: ARVL), the global company creating electric vehicles (“EVs”) with its game-changing technologies, today announced that it filed its annual report on Form 20-F for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission ("SEC") on April 30, 2021. A career with Arrival will put you at the heart of an ambitious technology company, with a vision to build better. At the end of the trading day, the stock’s price was $19.33, reflecting an intraday gain of 3.92% or $0.73. BP's profit soared in the first quarter to $2.6 billion thanks to stronger oil prices and bumper revenue from natural gas trading as the energy company said it intends to resume share buybacks in the third quarter. In June 2020, Arrival announced a new passenger bus designed for coronavirus-era social distancing. The company started trading on the British market since 2015-03-06. ARVL: Get the latest Arrival Group Registered stock price and detailed information including ARVL news, historical charts and realtime prices. The special purpose acquisition company, or SPAC, announced it would be buying electric vehicle company Arrival. UPS has ordered up to 10,000 electric Arrival vans and has options for a further 10,000. CIIG Merger Corp. operates as a blank check company. What we know about the Arrival IPO. A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Arrival no upward and no downward comments were posted in the last 7 days. This culminated in the company’s more than $4 billion sale to Disney at the end of 2009 when shares were trading at $54 per share, representing share price appreciation of approximately 57 times from the stock low. Read more Shares soared from the $10 level back on … With the announcement of a $111.5 million investment from Hyundai and Kia, this week marked the arrival of Arrival, another startup dedicated to building electric delivery vans. Arrival. So, if you’re interested in creating the future, we’d love to hear from you. Arrival is set to combine with CIIG Merger Corp, a SPAC set up by former Remington and Marvel CEO Peter Cuneo. Arrival Wt. The stock is down about 20% to $23.74 since Nov. 24. The joint venture Arrival Group is expected to trade its shares on the US Nasdaq stock exchange under the ticker symbol ARVL from the first quarter of 2021.