Rubicon Technologies Inc. Chairman and CEO Nate Morris says it is arduous to guess towards rubbish as the corporate starts public buying and selling at the New York Stock Exchange Tuesday.
One of the sector’s first virtual marketplaces for waste and recycling has begun buying and selling at the New York Stock Exchange in a ancient SPAC acquisition deal.
Rubicon Technologies LLC was once indexed beneath ticker symbols “RBT” and “RBT WS” Tuesday morning in an settlement with Founder SPAC, changing into best the 9th Kentucky-based corporate to move public at the NYSE.
“This is a very resilient category that’s outperformed the market over the last several years, regardless of what the economy typically does,” Rubicon Chairman and CEO Nate Morris advised FOX Business’ Dagen McDowell on “Mornings with Maria” Tuesday.
“And what we say about garbage is, it’s hard to bet against, regardless of what’s happening in Ukraine or what the Fed decides to do,” the CEO persevered. “People still got to get their trash picked up every day.”
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Rubicon’s era interface connects waste control corporations with companies and governments, aggregating “large swaths” of the business in a single position, in line with Morris.
After going public at the New York Stock Exchange Tuesday in a SPAC deal, Rubicon Technologies LLC Chairman and CEO Nate Morris stated “it’s hard to bet against” rubbish on “Mornings with Maria” Tuesday, August 16, 2022. (Reuters Photos)
“This is allowing Rubicon to use the best of technology in the 21st century, apply those products,” Morris defined, “and we’re running a play that’s very similar to some great tech companies of our generation, like Uber and Airbnb.”
Based out of Lexington, Kentucky and running in 20 international locations and all 50 U.S. states, Rubicon has got greater than 50 patents for its softwares and has a reported undertaking price of $1.7 billion, in line with a press free up.
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Morris recounted beginning the corporate with only a $10,000 line of credit score and maxed-out playing cards, pronouncing he discovered his American dream in rubbish.
“I can’t think of anything more American than making money with garbage,” the CEO stated. “There’s opportunity everywhere, regardless of what’s going on in the economy, regardless of what the pundits say. We know that the brick and mortar businesses, the small businesses, the stuff that’s got to get done on Main Street, that’s going to continue to drive our economy. And we just need to open our eyes and use our imagination about what’s possible.”
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