Experienced sponsors are moving back into the SPAC market as blank check issuance has stabilized, a signal that the space has found its footing more than two years after SPAC mania ended. To some extent, they never left: Several of the largest SPAC IPOs in 2023...read more
Four IPOs and one SPAC debuted this past week. Two IPOs and one SPAC submitted initial filings. Chinese premium EV brand ZEEKR (ZK) priced its upsized IPO at the top of the range to raise $441 million at a $5.2 billion market cap. Originally...read more
GP-Act III Acquisition, a blank check company backed by GP Investments, Boxcar Partners, and a former Hain Celestial exec, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one half of a warrant,...read more
Five IPOs raised $858 million this past week, led by fast-growing digital coupon platform Ibotta (IBTA) and utility infrastructure services carve-out Centuri Holdings (CTRI). Both deals managed to price above the midpoint...read more
Back in SPACs: Experienced sponsors return to the SPAC market
Experienced sponsors are moving back into the SPAC market as blank check issuance has stabilized, a signal that the space has found its footing more than two years after SPAC mania ended. To some extent, they never left: Several of the largest SPAC IPOs in 2023...read more
US IPO Weekly Recap: Chinese EV brand gains 35% to lead 4 IPO week
Four IPOs and one SPAC debuted this past week. Two IPOs and one SPAC submitted initial filings. Chinese premium EV brand ZEEKR (ZK) priced its upsized IPO at the top of the range to raise $441 million at a $5.2 billion market cap. Originally...read more
SPAC GP-Act III Acquisition prices $250 million IPO
GP-Act III Acquisition, a blank check company backed by GP Investments, Boxcar Partners, and a former Hain Celestial exec, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one half of a warrant,...read more
US IPO Weekly Recap: 2 sizable deals price up and trade up, while broader IPO market slides
Five IPOs raised $858 million this past week, led by fast-growing digital coupon platform Ibotta (IBTA) and utility infrastructure services carve-out Centuri Holdings (CTRI). Both deals managed to price above the midpoint...read more