Two small issuers began trading this past week, one of which is eligible for inclusion in our IPO stats, joined by one blank check IPO. Three small IPOs and one SPAC submitted initial filings. Though there were no large launches or pricings, three issuers on...read more
Four Leaf Acquisition, a blank check company targeting the IoT space or adjacent spaces, raised $52 million by offering 5.2 million units at $10. The company offered 1.3 million fewer units than anticipated. Each unit consists of one share of common stock and...read more
The recently-enacted Inflation Reduction Act introduced a 1% excise tax on stock buybacks beginning in 2023, and in the absence of guidance from the Treasury Department, it is unclear whether the tax applies to SPAC share redemptions. More and more SPACs are...read more
Six issuers began trading this past week, four of which will be included in our stats. The most notable debuts included Corebridge Financial (CRBG) and Third Harmonic Bio (THRD). The pipeline was also active, with seven IPOs...read more
US IPO Weekly Recap: Two small deals begin trading as big IPOs wait in the wings
Two small issuers began trading this past week, one of which is eligible for inclusion in our IPO stats, joined by one blank check IPO. Three small IPOs and one SPAC submitted initial filings. Though there were no large launches or pricings, three issuers on...read more
IoT SPAC Four Leaf Acquisition prices downsized $52 million IPO
Four Leaf Acquisition, a blank check company targeting the IoT space or adjacent spaces, raised $52 million by offering 5.2 million units at $10. The company offered 1.3 million fewer units than anticipated. Each unit consists of one share of common stock and...read more
A growing list of SPACs plan to liquidate early to avoid a possible 1% excise tax in 2023
The recently-enacted Inflation Reduction Act introduced a 1% excise tax on stock buybacks beginning in 2023, and in the absence of guidance from the Treasury Department, it is unclear whether the tax applies to SPAC share redemptions. More and more SPACs are...read more
US IPO Weekly Recap: Billion-dollar deal Corebridge completes 2022’s largest IPO to date
Six issuers began trading this past week, four of which will be included in our stats. The most notable debuts included Corebridge Financial (CRBG) and Third Harmonic Bio (THRD). The pipeline was also active, with seven IPOs...read more