Silver Spike Acquisition (SSPKU) raised $250 million this past week, the year's third blank check company targeting the cannabis industry. The SPAC is led by Scott Gordon, Chairman of cannabis-focused investment firm Egg Rock Holdings and a...read more
The summer doldrums have hit the IPO market, in a week with one Hong Kong investment bank, one Israeli medical device maker, and two SPACs. Hong Kong-based AMTD International (HKIB) priced last Friday but began trading on Monday, raising...read more
Silver Spike Acquisition, a blank check company targeting the cannabis industry, raised $250 million by offering 25 million units at $10 to command a market value of $313 million. Each unit consists of one share of common stock and one-half of one warrant; each...read more
Nine companies entered the public market this week, led by customer experience software provider Medallia (MDLA) with a first day pop of 76%. The software company priced at $21, well above the range, to raise $326 million at a fully...read more
The IPO Market Hands Cannabis its Third Blank Check
Silver Spike Acquisition (SSPKU) raised $250 million this past week, the year's third blank check company targeting the cannabis industry. The SPAC is led by Scott Gordon, Chairman of cannabis-focused investment firm Egg Rock Holdings and a...read more
US IPO Weekly Recap: Chinese investment bank taps US IPO market
The summer doldrums have hit the IPO market, in a week with one Hong Kong investment bank, one Israeli medical device maker, and two SPACs. Hong Kong-based AMTD International (HKIB) priced last Friday but began trading on Monday, raising...read more
Cannabis SPAC Silver Spike Acquisition prices $250 million IPO at $10
Silver Spike Acquisition, a blank check company targeting the cannabis industry, raised $250 million by offering 25 million units at $10 to command a market value of $313 million. Each unit consists of one share of common stock and one-half of one warrant; each...read more
US IPO Weekly Recap: Medallia tops a 9-IPO week with a 76% first day return
Nine companies entered the public market this week, led by customer experience software provider Medallia (MDLA) with a first day pop of 76%. The software company priced at $21, well above the range, to raise $326 million at a fully...read more