After last year’s SPAC boom, 2022 has started off as a bust. Of the 199 companies that went public via SPAC merger in 2021, only 11% trade above the offer price, and the group averages a -43% return. Completed SPAC mergers (de-SPACs) have performed...read more
After a slowdown in SPAC merger announcements since February, the SPAC market picked back up this past week with 8 companies announcing acquisitions. Synthetic biotech Ginkgo Bioworks (GKBW.RC) headlined the announcements with its...read more
One IPO and 29 SPACs went public this past week to close out February. The IPO pipeline remained active with 15 IPOs and 51 SPACs submitting initial filings. Cryptocurrency exchange Coinbase (COIN) filed for a direct listing.
Canada-based...read more
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
Special Report: SPAC merger returns crumble, upending the 2022 SPAC market
After last year’s SPAC boom, 2022 has started off as a bust. Of the 199 companies that went public via SPAC merger in 2021, only 11% trade above the offer price, and the group averages a -43% return. Completed SPAC mergers (de-SPACs) have performed...read more
Self-driving trucks, electric scooters and more in this week's 5 most notable SPAC mergers
After a slowdown in SPAC merger announcements since February, the SPAC market picked back up this past week with 8 companies announcing acquisitions. Synthetic biotech Ginkgo Bioworks (GKBW.RC) headlined the announcements with its...read more
US IPO Weekly Recap: Crypto exchange Coinbase joins the pipeline in a 1 IPO week
One IPO and 29 SPACs went public this past week to close out February. The IPO pipeline remained active with 15 IPOs and 51 SPACs submitting initial filings. Cryptocurrency exchange Coinbase (COIN) filed for a direct listing. Canada-based...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