I for one am glad Kensington released this, at this price point - because it made me think "I want this" followed by... "no, I want something like this at a way more acceptable price".
And I found it... $30 for a magnetic stand that works beautifully.
$0 to continue using my USB-C dock solution, with a single cable to plug into my iPad handling power, ethernet and any USB peripherals I fancy.
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I’m gonna have to second that link, ‘cause that looks nice.