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Back to SPAC: More small companies ditch IPO plans in favor of SPAC mergers

Despite headwinds in the SPAC market, some small companies are abandoning their traditional public offering plans in favor of the IPO alternative. Early-stage alfalfa producer African Agriculture (AAGR) and preclinical drug developer...read more

US IPO Weekly Recap: 5 IPOs launch during the 4-day week

WMG

Just one SPAC priced in the shortened holiday week, but the IPO market still saw plenty of other activity. Five companies joined the IPO calendar, three company submitted initial filings, and...read more

Bill Foley's SPAC Foley Trasimene Acquisition prices upsized $900 million IPO at $10

Foley Trasimene Acquisition, the second blank check company formed by financial services veteran Bill Foley, raised $900 million by offering 90 million units at $10, making it the second largest SPAC of 2020 and tying for the second largest SPAC of all time. The...read more

US IPO Weekly Recap: Kingsoft Cloud completes largest IPO since March in 3 IPO week

GAN

In the busiest week for the IPO market since February, three upsized IPOs and three SPACs entered the public market. Kingsoft Cloud (KC) led the way, completing the largest IPO since GFL Environmental's (GFL) billion-dollar deal in early March....read more