As SPAC mania continues to branch into more areas of auto tech, autonomous vehicle developers are steering towards this alternative route to the public market. Lidar (light detection and ranging) and autonomous vehicle technology is relatively early...read more
Pershing Square Tontine Holdings (PSTHU) raised $4 billion and traded up 6.5% yesterday, becoming the largest Special Purpose Acquisition Company (SPAC) ever to go public. It is the latest milestone in a record-breaking year for SPACs.
To...read more
Seven IPOs raised $1.1 billion, an active week given the market's volatility. Reflecting that backdrop, five of the seven five priced below the range, and two more postponed. Most had insider support. While the number of deals on the ...read more
Graf Industrial, a blank check company formed by SPAC veteran James Graf to acquire an industrial business worth over $1 billion, raised $225 million by offering 22.5 million units at $10, as expected. At $10 per unit, the SPAC commands an IPO market...read more
Lidar love: Autonomous vehicle startups steer towards SPACs
As SPAC mania continues to branch into more areas of auto tech, autonomous vehicle developers are steering towards this alternative route to the public market. Lidar (light detection and ranging) and autonomous vehicle technology is relatively early...read more
Bill Ackman's Pershing Square Tontine joins a long list of 2020 SPAC milestones
Pershing Square Tontine Holdings (PSTHU) raised $4 billion and traded up 6.5% yesterday, becoming the largest Special Purpose Acquisition Company (SPAC) ever to go public. It is the latest milestone in a record-breaking year for SPACs. To...read more
US IPO Weekly Recap: IPOs are put through the ringer with 7 completed deals
Seven IPOs raised $1.1 billion, an active week given the market's volatility. Reflecting that backdrop, five of the seven five priced below the range, and two more postponed. Most had insider support. While the number of deals on the ...read more
A blank check for industry: Graf Industrial prices $225 million IPO at $10
Graf Industrial, a blank check company formed by SPAC veteran James Graf to acquire an industrial business worth over $1 billion, raised $225 million by offering 22.5 million units at $10, as expected. At $10 per unit, the SPAC commands an IPO market...read more