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Digital Banking Company Goes Public, While 3D Printing Competition Heats Up

📈 Chamath Palihapitiya became one of the market’s most prevalent figures last year when he started the IPO series of SPACs. He’s taken Virgin Galactic, Opendoor and Clover Health public. Now, he’s bringing the digital banking and online lending giant SoFi public through $IPOE. On the news of the merger, $IPOE rose 60% today. The merger will value SoFi, which plans on being profitable in 2021, at $8.65 billion.

🖨️ One of last year’s biggest stocks was 3D printing company Materalise NV. $MTLS ran up over 263% in the last year. They might be joined by South Carolina-based 3D Systems this year. $DDD doubled today, rising over 104%, after the company radically exceeded revenue expectations set by analysts.

💸 Bitcoin mining company Marathon Patent Group made its way back onto the Rippers list as Bitcoin’s rose 8% today, pushing it briefly above $40,000. $MARA rose 35% today, meaning the stock has now more than doubled in the first trading week of the year. This comes as the company raised $200 million to acquire more Bitcoin ASIC miners. The revenue generated from mining coins would exceed almost $1 billion in annual gross profit (assuming BTC is $40,000) once the company has upgraded its capacity.

Noah Weidner

Noah Weidner is a restless self-starter with a vehement interest in all things that make the world go around: culture, politics, economics and all the people in between. He writes the Bullish Rippers series and covers other interesting trends and happenings at Bullish.

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