68. Will Matterport be Acquired by Hexagon
Commentary and Analysis by
Founder and Managing Editor
We Get Around Network Forum and WGAN-TV Live at 5
Monday, 21 February 2022
My manicurist, Brenda, told me Friday (18 February 2022) that she is thinking about buying Matterport, Inc. (NASDAQ: MTTR) stock, after a friend told her about how Matterport had been trading as high as $37.60 per share after going public via a SPAC deal at $10 per share and Matterport was now trading at $6.83 per share; near its low of $6.20 per share.
“I’ll invest $500. It will be fun,” Brenda told me with a smile.
(Brenda initially said the company was Matterhorn and didn’t mention the specific dollar amounts or SPAC, but that was the gist of what her friend told her.)
I could imagine that Ola Rollén, President and CEO of Stockholm, Sweden-based Hexagon AB is thinking nearly the same thing: buy Matterport now for a few billion dollars while Matterport is trading at its surprising “blue-light special” pricing.
While Matterport begins every media release with “Matterport, Inc., the leading spatial data company driving the digital transformation of the built world,…” that statement is likely a much-much-much better description of the much-much-much bigger Hexagon.
“Our Vision: A future where data is fully and autonomously leveraged so that business, industry and humanity sustainably thrive,” writes Hexagon on its website. “Our Mission: Putting data to work to enable autonomous, connected ecosystems that boost efficiency, productively and quality for our customers.”
Aside from the lofty words, what do the two companies have in common?
Continued in the We Get Around Network Forum (www.WGANForumn.com) here:
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