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bullishmoon

VC money valuation at $3.3B results in $100 price per share

Long
bullishmoon Updated   
NASDAQ:VTIQ   None
Fundamental Analysis VTIQ Bullish Patterns price valuation VC
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fundamental vtiq bullish price valuation vc
Private VC money valuation for Nikola Motors at $3.3 Billion should result in a price per share of $100 after the merger. (With 29.64M shares outstanding, at a $3.3B valuation given by ValueAct Capital and Fidelity, this comes out to $110 per share)
Comment:
Private money valuations are sometimes inflated, but even if it were to be 50% of the VC valuation this would put the price per share around $50
Comment:
I did not take into account VTIQW and due to this... VTIQ is extremely overpriced.
Comment:
by a factor of 3
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