company background image
IPOF

Social Capital Hedosophia Holdings VI NYSE:IPOF Stock Report

Last Price

US$10.00

Market Cap

US$1.4b

7D

0%

1Y

-1.4%

Updated

30 Sep, 2022

Data

Company Financials
IPOF fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health0/6
Dividends0/6

IPOF Stock Overview

Social Capital Hedosophia Holdings Corp. VI does not have significant operations.

Social Capital Hedosophia Holdings Corp. VI Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Social Capital Hedosophia Holdings VI
Historical stock prices
Current Share PriceUS$10.00
52 Week HighUS$10.99
52 Week LowUS$9.80
Beta0
1 Month Change0.10%
3 Month Change0.50%
1 Year Change-1.38%
3 Year Changen/a
5 Year Changen/a
Change since IPO-2.91%

Recent News & Updates

Sep 23

IPOF: The SPAC Bubble Is Deflating

Summary Social Capital Hedosophia Holdings Corp. VI 'IPOF' is a special purpose acquisition company led by venture capitalist Chamath Palihapitiya. On Tuesday, it was announced the vehicle would wind down due to the lack of acquisition targets. Investors who bought into the name in late 2020/early 2021 are now facing the crystallization of substantial losses. Higher rates are taking the wind out of all classes of speculative assets that thrived on investors' beliefs rather than actual free cash flows. There is more weakness and pain to come, and the market needs to see these investments as pariahs before we can call a bottom. Thesis Social Capital Hedosophia Holdings Corp. VI (IPOF) is a special purpose acquisition company led by venture capitalist Chamath Palihapitiya. On Tuesday, it was announced the vehicle would wind down due to the lack of acquisition targets. The announcement is important due to the size of the fund (approximately $1.5 billion) and the fact that Chamath is known in the venture capital circles as the "SPAC King". The vehicle was incorporated mid-2020 and targeted technology companies: We are a blank check company incorporated on July 10, 2020, as a Cayman Islands exempted company, for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While we may pursue an initial Business Combination target in any industry or geographic location, we intend to focus our search for a target business operating in the technology industries. Source: Annual Report The reasoning behind the closure (at least the stated one), was the inability to find suitable deals to undertake. On the positive side, investors are not losing money, the initial $10/share being planned to be returned after clipping US government yields since inception: Upon the closing of the Initial Public Offering and the Private Placement, $1,150.0 million ($10.00 per Unit) of the net proceeds of the Initial Public Offering and certain of the proceeds of the Private Placement were placed in a trust account (the "Trust Account") located in the United States and invested in U.S. government securities Source: Annual Report Rates are continuously moving higher and all revisions are moving up: Goldman analysts [...] were revising their forecast for rate hikes to 75 basis points (bps) in November, 50 bps in December, and 25 bps in February, for a peak funds rate of 4.5-4.75%, versus 4-4.25% previously GS Rate Schedule (Goldman Sachs) Higher rates are taking the wind out of all classes of speculative assets that thrived on investors' beliefs rather than actual free cash flows. This is an important macro aspect because until liquidity is drained from "belief assets" we will not have reached a bottom yet in the wider market. The excesses of the past need a complete re-set, and investors who bought securities they did not understand just because a neighbor told them they are the next best thing need to lose a substantial amount of capital to capitulate on the asset class.

Dec 10

Social Capital Hedosophia Holdings VI: Perky Because Of Twitter Rumors

There's no target announced, but so far, Chamath Palihapitiya has proven to be a fast mover and attract attention when a target is announced. The complex web of securities around SPACs results in an actionable angle with this one. Many SPACs will struggle to close a deal the market likes because there are too many. IPOF has the size, warrant structure and experienced team that should allow it to close a reasonable deal even if it isn't Discord.

Jun 02

IPOF: Bet Alongside Chamath Palihapitiya At A Great Price

The SPAC market had a reckoning and previous leaders were sold off hard in some cases. One figurehead in the SPAC space is Chamath Palihapitiya and his SPACs have been positively melting. But with pre-deal SPACs the bottom is "guaranteed" to be in around ~$10. It looks like a good time to establish positions in the Social Capital Hedosophia SPACs again.

Shareholder Returns

IPOFUS Capital MarketsUS Market
7D0%-2.3%-2.5%
1Y-1.4%-25.4%-23.2%

Return vs Industry: IPOF exceeded the US Capital Markets industry which returned -24% over the past year.

Return vs Market: IPOF exceeded the US Market which returned -21.5% over the past year.

Price Volatility

Is IPOF's price volatile compared to industry and market?
IPOF volatility
IPOF Average Weekly Movement0.3%
Capital Markets Industry Average Movement0.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.8%

Stable Share Price: IPOF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: IPOF's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2020n/aChamath Palihapitiyahttps://www.socialcapitalhedosophiaholdings.com/ipof.html

Social Capital Hedosophia Holdings Corp. VI does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology industries. The company was incorporated in 2020 and is based in Menlo Park, California.

Social Capital Hedosophia Holdings Corp. VI Fundamentals Summary

How do Social Capital Hedosophia Holdings VI's earnings and revenue compare to its market cap?
IPOF fundamental statistics
Market CapUS$1.44b
Earnings (TTM)US$61.89m
Revenue (TTM)n/a

23.2x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IPOF income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other Expenses-US$61.89m
EarningsUS$61.89m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.43
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio-2.0%

How did IPOF perform over the long term?

See historical performance and comparison