After a dismal 2022, a number of SPAC mergers have outperformed this year alongside a strong rebound in IPO returns and the broader stock market. While most de-SPACs continue to trade below the $10 transaction price, investors may be finding hidden gems among...read more
Urban aircraft companies are lifting off to reach public markets via SPACs. Just as consumers flocked to ridesharing apps such as Uber and Lyft for their convenience and speed, urban air taxis should allow users to avoid road congestion, public...read more
Eleven IPOs and nine SPACs priced this past week, getting out ahead of the US election. Markets tumbled and volatility spiked, as several deals broke issue and three IPOs postponed. The diverse group had very mixed trading, and averaged a return of 9.9%. New...read more
Atlas Crest Investment, a blank check company formed by Moelis & Company, raised $500 million by offering 50 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The company is led...read more
28 SPAC mergers that have outperformed in 2023
After a dismal 2022, a number of SPAC mergers have outperformed this year alongside a strong rebound in IPO returns and the broader stock market. While most de-SPACs continue to trade below the $10 transaction price, investors may be finding hidden gems among...read more
Preparing for take-off: Urban aircraft companies are choosing SPAC mergers
Urban aircraft companies are lifting off to reach public markets via SPACs. Just as consumers flocked to ridesharing apps such as Uber and Lyft for their convenience and speed, urban air taxis should allow users to avoid road congestion, public...read more
US IPO Weekly Recap: Big fintechs fall as 11 IPOs squeeze in ahead of the election
Eleven IPOs and nine SPACs priced this past week, getting out ahead of the US election. Markets tumbled and volatility spiked, as several deals broke issue and three IPOs postponed. The diverse group had very mixed trading, and averaged a return of 9.9%. New...read more
Moelis & Company's SPAC Atlas Crest Investment prices $500 million IPO at $10
Atlas Crest Investment, a blank check company formed by Moelis & Company, raised $500 million by offering 50 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The company is led...read more