SPACs became a casualty of the broader market sell-off on Thursday, as six of the day's nine SPACs finished below issue. Before last week, the SPAC market had gone two months without a deal going negative on its first day, a stretch of 200+ SPACs. The six...read more
FTAC Hera Acquisition, a blank check company formed by SPAC veterans Betsy and Daniel Cohen targeting fintech, raised $800 million by offering 80 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one share of...read more
The IPO market had its busiest week yet this year with 14 IPOs raising $3.9 billion and 27 SPACs raising $9.2 billion. The IPO pipeline remained active as well, with 3 IPOs and 38 SPACs submitting initial filings. ...read more
FTAC Hera Acquisition, blank check company formed by SPAC veterans Betsy and Daniel Cohen targeting fintech, filed on Monday with the SEC to raise up to $750 million in an initial public offering. The Philadelphia, PA-based company plans to raise $750...read more
SPAC cracks: 6 new SPACs break issue in Thursday IPOs
SPACs became a casualty of the broader market sell-off on Thursday, as six of the day's nine SPACs finished below issue. Before last week, the SPAC market had gone two months without a deal going negative on its first day, a stretch of 200+ SPACs. The six...read more
Fintech-focused SPAC FTAC Hera Acquisition prices upsized $800 million IPO
FTAC Hera Acquisition, a blank check company formed by SPAC veterans Betsy and Daniel Cohen targeting fintech, raised $800 million by offering 80 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one share of...read more
US IPO Weekly Recap: Biotechs flood the IPO market in a 14 IPO week
The IPO market had its busiest week yet this year with 14 IPOs raising $3.9 billion and 27 SPACs raising $9.2 billion. The IPO pipeline remained active as well, with 3 IPOs and 38 SPACs submitting initial filings. ...read more
Fintech-focused SPAC FTAC Hera Acquisition files for a $750 million IPO
FTAC Hera Acquisition, blank check company formed by SPAC veterans Betsy and Daniel Cohen targeting fintech, filed on Monday with the SEC to raise up to $750 million in an initial public offering. The Philadelphia, PA-based company plans to raise $750...read more