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LMT230120P00390000

OPR - OPR Delayed price. Currency in USD
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90.200.00 (0.00%)
At close: 11:12AM EST
Full screen
Previous close90.20
Open90.20
Bid87.60
Ask95.70
StrikeN/A
Expiry date2023-01-20
Day's range65.50 - 65.50
Contract rangeN/A
VolumeN/A
Open interest14
  • IonQ in Talks to Go Public Through Merger with DMY SPAC
    Bloomberg

    IonQ in Talks to Go Public Through Merger with DMY SPAC

    (Bloomberg) -- IonQ is in advanced talks to merge with blank-check company DMY Technology Group Inc. III, according to people with knowledge of the matter, creating one of the first public quantum-computing firms.The combined company is slated to be worth about $2 billion and a deal is set to be announced in coming weeks, said one of the people, who asked not to be identified because the matter is private. Silver Lake, MSD Partners, Bill Gates’s Breakthrough Energy and an affiliate of Hyundai Motor Co. are in talks to participate in a so-called strategic private investment in public equity, or PIPE.Shares of the SPAC surged 15% at 10:24 a.m. in New York.DMY Technology is discussing raising additional equity from institutional investors, and new equity from strategic and institutional investors is set to total around $300 million, one of the people said. Existing IonQ investors are expected to roll their equity into the transaction, according to one of the people.As with any deal that hasn’t been finalized, it’s possible terms change or talks fall apart. Representatives for IonQ and DMY declined to comment, as did spokesmen for Silver Lake and MSD Partners. Representatives of Hyundai and Breakthrough Energy Ventures didn’t immediately respond to requests for comment.The SPAC, led by Chairman Harry You and Chief Executive Officer Niccolo De Masi, raised $300 million in November and said at the time it would pursue a target in consumer technology.College Park, Maryland-based IonQ was founded in 2015 by Chris Monroe and Jungsang Kim and is led by CEO Peter Chapman. Its investors include Amazon Web Services, Samsung Catalyst Fund, GV (formerly known as Google Ventures), NEA, Lockheed Martin Corp., Airbus Ventures and Robert Bosch Venture Capital GmbH. IonQ in October unveiled what it describes as the world’s most powerful quantum computer.Quantum has long been touted as the next frontier in technology. Such computers would be capable of simulating and understanding phenomena in the natural world instantly and providing the basis for systems that are unhackable. Intel Corp. and Microsoft Corp., among other companies, are also working to advance quantum computing. The technology also has potential implications for producing new materials or creating new drugs.(Updates share price in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Snap Hits $100 Billion Market Value After Doubling in Four Months
    Bloomberg

    Snap Hits $100 Billion Market Value After Doubling in Four Months

    (Bloomberg) -- Snap Inc. briefly hit $100 billion in market value for the first time after surging usage and a rebounding market for digital ads sent the social-media stock soaring this year.The Snapchat owner rose as much as 3% on Monday after Morgan Stanley turned bullish, saying it’s poised for faster-than-expected growth in engagement, revenue and profitability. The stock later gave up the gains amid a broad selloff in shares of technology companies. Snap closed down 3.2% on Monday but the stock has more than doubled since October.Social-media companies have seen their revenues swell as stuck-at-home consumers spent more time on their platforms and spending on digital ads rebounded from an initial drop last year. Snap’s daily active users rose to 265 million in the fourth quarter, a 22% increase from the same period a year ago. The Santa Monica, California-based company projected revenue growth would accelerate this year from 2020’s 46% expansion.Snap’s revenue has plenty of room to grow thanks to products like Discover, Maps and Spotlight, Morgan Stanley analyst Brian Nowak wrote in a research note, raising his rating to overweight from equal-weight. Nowak said he’s looking for more information on Snap’s plans to monetize those products at its first investor day on Tuesday.Snap is now worth more than four-fifths of companies in the S&P 500 Index, including Target Corp. and Lockheed Martin Corp.(Updates shares in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Lockheed Martin Corporation (NYSE:LMT) Looks Interesting, And It's About To Pay A Dividend
    Simply Wall St.

    Lockheed Martin Corporation (NYSE:LMT) Looks Interesting, And It's About To Pay A Dividend

    Readers hoping to buy Lockheed Martin Corporation ( NYSE:LMT ) for its dividend will need to make their move shortly...