- With a horde of tech-focused SPACs competing for the same pool of targets, Ivanhoe benefits from being an apex predator in a less hunted field.
- Despite the beginnings of an uptrend due to the reflation trade, commodities have had a rough decade, meaning that Ivanhoe could acquire some nice assets at depressed values.
- EVs have captured the imagination of many investors - Ivanhoe states that it will target the metals needed for electrification.
- Sponsor Robert Friedland is vastly experienced in the space and has a knack for good investments in other businesses as well - for example, financing the film ‘Crazy Rich Asians’.
- Ivanhoe Capital Acquisition Corp. launched with a $200m market cap and offers ? of a warrant.
For further details see:
Ivanhoe Capital Acquisition: A Different Approach To The Typical 'Electric Vehicle' SPAC