It was the IPO market's slowest November in six years as just four deals raised a combined $166 million. The month's lineup was led by $50+ million IPOs, biotech Acrivon Therapeutics (ACRV) and Chinese hotel chain Atour Lifestyle Holdings (ATAT). Two small...read more
Swedish electric vehicle developer Polestar Automotive (PSNY) began trading on the Nasdaq on June 24 after completing one of the largest-ever SPAC mergers, a deal that valued the company at $20 billion. Including the PIPE, Polestar received about $890 million ...read more
Two SPACs entered the public market this past week, raising nearly $320 million. Three companies and one SPAC submitted initial filings. dMY Technology (DMYTU) raised $200 million at a market cap of $250 million. The blank check company,...read more
East Stone Acquisition, a blank check company formed by East Stone Capital to acquire a fintech business, raised $120 million by offering 12 million units at $10. The SPAC originally filed to raise $100 million. Units consist of one share of common stock,...read more
Renaissance Capital's November IPO Market Update
It was the IPO market's slowest November in six years as just four deals raised a combined $166 million. The month's lineup was led by $50+ million IPOs, biotech Acrivon Therapeutics (ACRV) and Chinese hotel chain Atour Lifestyle Holdings (ATAT). Two small...read more
Polestar trading holds up in the weeks since its SPAC listing; here’s how the electric vehicle maker stacks up against others
Swedish electric vehicle developer Polestar Automotive (PSNY) began trading on the Nasdaq on June 24 after completing one of the largest-ever SPAC mergers, a deal that valued the company at $20 billion. Including the PIPE, Polestar received about $890 million ...read more
US IPO Weekly Recap: Two blank check companies in short holiday week
Two SPACs entered the public market this past week, raising nearly $320 million. Three companies and one SPAC submitted initial filings. dMY Technology (DMYTU) raised $200 million at a market cap of $250 million. The blank check company,...read more
Fintech blank check East Stone Acquisition prices upsized $120 million IPO at $10
East Stone Acquisition, a blank check company formed by East Stone Capital to acquire a fintech business, raised $120 million by offering 12 million units at $10. The SPAC originally filed to raise $100 million. Units consist of one share of common stock,...read more