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GS Jan 2022 270.000 put

OPR - OPR Delayed price. Currency in USD
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17.750.00 (0.00%)
As of 3:35PM EST. Market open.
Full screen
Previous close17.75
Expiry date2022-01-21
Day's range16.35 - 18.55
Contract rangeN/A
Open interestN/A
  • Bloomberg

    Sequoia-Backed Driverless Truck Startup Seeks SPAC Merger

    (Bloomberg) -- Self-driving truck startup Plus is in advanced talks with a few special purpose acquisition companies for a merger, as it seeks to bankroll its expansion in the autonomous driving industry, according to people familiar with the matter.The Sequoia Capital-backed company has received several letters of intent from the U.S.-listed SPACs and is weeks away from a deal announcement, the people said, asking not to be identified because the matter is private. The SPACs range in size from $300 million to $500 million, and Plus is planning to set its valuation range later this month, one of the people said.Plus is working with Goldman Sachs Group Inc. and will start a roadshow for additional financing via a private investments in public equity, or PIPE, transaction after it chooses a SPAC, the people added. Representatives for Plus and Goldman Sachs declined to comment.The Cupertino, California-based firm is among a handful of startups that are trying to up-end a fragmented long-haul trucking business with driverless technology. It has been working with Chinese delivery company SF Holding Co., which uses Plus-enabled autonomous trucks covering 1,500 kilometers (932 miles) on a daily basis, according to Plus. State-owned China FAW Group Co. plans to start mass production of jointly developed autonomous trucks in the second quarter, Plus has said. Full Truck Alliance will use its network, which links drivers and cargo, as a sales channel for Plus trucks.Founded by a group of Stanford University classmates in 2016, Plus is backed by investors including Chinese long-haul company Full Truck Alliance, Shanghai Automotive Industry Corp. and GSR Ventures Management. The startup raised $200 million in a funding round in February that attracted new investors such as Guotai Junan International Holdings and Citic Private Equity Funds Management Co.The company recently hired Dennis Mooney from truckmaker Navistar International Corp. to scale up production, and Chuck Joseph from Inc. to help truck fleets adopt Plus technology.(Updates with details about Full Truck Alliance collaboration in fifth graph)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.

  • Goldman Crypto Chief Flags Institutional Demand Driving Boom

    Goldman Crypto Chief Flags Institutional Demand Driving Boom

    (Bloomberg) -- Goldman Sachs Group Inc. is seeing substantial demand for digital assets from institutions as it works to restart its cryptocurrency trading desk.In a survey of nearly 300 clients by the firm, 40% currently have exposure to crypto, according to Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, speaking on a podcast. The situation is different now compared with the 2017 Bitcoin bubble due to “huge” institutional demand across different industry types and from private banking clients, he said.McDermott confirmed plans reported last week for Goldman to restart its crypto trading desk, which he said will be “quite narrow initially,” with a focus on areas such as CME Group Inc. futures. He said that U.S. banks need to cope with regulations that bar them from trading physical cryptocurrencies.Cryptocurrency enthusiasts argue that digital tokens and the underlying blockchain technology are gaining acceptance among more mainstream institutions and investors. The derivatives market and new investment products have made digital assets more easily accessible. Some strategists posit that the asset class is a potential diversifier for portfolios, while others are more skeptical and blame speculators for inflating a possible bubble in Bitcoin and other cryptos.Bitcoin rose as much as 3.4% on Monday in Asia, while Ether gained as much as 5.3% to the highest since Feb. 23.Read more: Chinese Beauty App Becomes First Major Company to Buy EtherBlockchain technology offers “a real diverse set of opportunities for the financial industry and something that there’s a huge amount of momentum” for in the market, McDermott said. “We know firsthand just given the various different projects we’re working on. And we see this as a hugely exciting time exploring the potential of that technology.”As for prices, 76% of those surveyed see Bitcoin ending 2021 between $40,000 and $100,000, McDermott said. However, 22% expect it to end the year over $100,000.(Adds chart.)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.

  • Do Institutions Own The Goldman Sachs Group, Inc. (NYSE:GS) Shares?
    Simply Wall St.

    Do Institutions Own The Goldman Sachs Group, Inc. (NYSE:GS) Shares?

    Every investor in The Goldman Sachs Group, Inc. ( NYSE:GS ) should be aware of the most powerful shareholder groups...