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Arrival (CIIG Merger) Priced, Nasdaq: ARVL

Blank check company formed by industry veterans to acquire a technology, media, or telecom company (completed 3/24/2021).

Industry: SPAC

First Day Return: +1.8%

We are a newly organized blank check company. While we may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, we intend to focus our search in the technology, media and telecommunications (TMT) industries. Our sponsor is an entity newly-formed by our management team. We believe our management team’s extensive operational and financial experience coupled with a collectively vast network to source deals makes us attractive in the marketplace. Although we may pursue our initial business combination with a private or public target in any business, industry or geographic location, we currently intend to focus on opportunities to capitalize on the ability of our management team, particularly our executive officers, to identify, acquire and operate a business in the TMT industries. Each member of our management team brings on average 32 years of expertise as well as a broad industry network that encompasses a wide array of subsectors within the TMT industries. Each member of the team has value creation credentials across a variety of sectors and has track records of senior leadership success in diverse organizations and situations. Our management team’s relationships and experience create a powerful foundation that extends globally across various TMT sectors.
IPO Data
IPO Date 12/12/2019
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $225
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters New York, NY, United States
Founded 2019
Employees at IPO 3
Website ciigcorp.com

Arrival (CIIG Merger) (ARVL) Performance

Created with Highcharts 10.3.2Chart context menuARVL vs. IPO Index (IPOUSA)Jan '20May '20Sep '20Jan '21May '21Sep '21Jan '22May '22Sep '22Jan '23May '23Sep '23Jan '24May '24Sep '24Jan '250%+ 100%+ 200%-100%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index