2021 is shaping up to be the “Year of the SPAC.” So far this year, 176 SPACs have raised $49.5 billion, a huge leap from the 10 that raised $2.6 billion by this time last year. SPACs are outpacing traditional IPOs at a rate of three-to-one, and...read more
Ares Acquisition, a blank check company formed by Ares Management targeting a sustainable business, raised $870 million by offering 87 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. The...read more
Ares Acquisition, a blank check company formed by Ares Management targeting a sustainable business, raised the proposed deal size for its upcoming IPO on Tuesday. The New York, NY-based company now plans to raise $725 million by offering 72.5 million units...read more
Ares Acquisition, a blank check company formed by Ares Management targeting a sustainable business, filed on Friday with the SEC to raise up to $600 million in an initial public offering. The New York, NY-based company plans to raise $600 million by...read more
Year of the SPAC: Blank check IPOs are on track to complete more than 1,000 offerings in 2021
2021 is shaping up to be the “Year of the SPAC.” So far this year, 176 SPACs have raised $49.5 billion, a huge leap from the 10 that raised $2.6 billion by this time last year. SPACs are outpacing traditional IPOs at a rate of three-to-one, and...read more
Ares Management's SPAC Ares Acquisition prices further upsized $870 million IPO
Ares Acquisition, a blank check company formed by Ares Management targeting a sustainable business, raised $870 million by offering 87 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. The...read more
Ares Management's SPAC Ares Acquisition increases deal size by 21% ahead of $725 million IPO
Ares Acquisition, a blank check company formed by Ares Management targeting a sustainable business, raised the proposed deal size for its upcoming IPO on Tuesday. The New York, NY-based company now plans to raise $725 million by offering 72.5 million units...read more
Ares Management's SPAC Ares Acquisition files for a $600 million IPO
Ares Acquisition, a blank check company formed by Ares Management targeting a sustainable business, filed on Friday with the SEC to raise up to $600 million in an initial public offering. The New York, NY-based company plans to raise $600 million by...read more