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Indoor vertical farming company AeroFarms is expected to go public via a merger with a special purpose acquisition company (SPAC). We'll update this page as new information becomes available.
Indoor farming technology company AeroFarms is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. The deal is expected to close in the second quarter of 2021.
The SPAC, Spring Valley Acquisition Corporation, originally went public in November 2020 and currently trades on the Nasdaq under the ticker symbol "SV." After the merger, the company will trade on the Nasdaq under the ticker "ARFM."
Once AeroFarms goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like AeroFarms can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
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