Six small deals began trading this past week, five of which met the criteria for our IPO stats. They were joined by one blank check IPO. U Power (UCAR) downsized and priced at the low end to raise $15 million at a $315 million market cap. U...read more
Ares Acquisition II, the second blank check company formed by Ares Management, raised $450 million by offering 45 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one share of common stock and one-half of a...read more
Eight issuers began trading this past week, six of which are eligible for inclusion in our IPO stats. All eight are based outside of the US, and most of the deals downsized at pricing. Two blank check IPOs also debuted. Three small IPOs and one SPAC submitted...read more
Ares Acquisition II, the second blank check company formed by Ares Management, filed on Wednesday with the SEC to raise up to $400 million in an initial public offering, the largest new blank check filing since December 2021. The New York, NY-based company...read more
US IPO Weekly Recap: IPO market has a full week of small deals, led by Chinese issuers
Six small deals began trading this past week, five of which met the criteria for our IPO stats. They were joined by one blank check IPO. U Power (UCAR) downsized and priced at the low end to raise $15 million at a $315 million market cap. U...read more
Ares Management's SPAC Ares Acquisition II prices upsized $450 million IPO
Ares Acquisition II, the second blank check company formed by Ares Management, raised $450 million by offering 45 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one share of common stock and one-half of a...read more
US IPO Weekly Recap: 1Q IPO market wraps up with eight foreign issuers
Eight issuers began trading this past week, six of which are eligible for inclusion in our IPO stats. All eight are based outside of the US, and most of the deals downsized at pricing. Two blank check IPOs also debuted. Three small IPOs and one SPAC submitted...read more
Ares Management's SPAC Ares Acquisition II files for a $400 million IPO
Ares Acquisition II, the second blank check company formed by Ares Management, filed on Wednesday with the SEC to raise up to $400 million in an initial public offering, the largest new blank check filing since December 2021. The New York, NY-based company...read more