HYLN News
Archived Headlines
- Energy SPAC Tortoise Acquisition prices $225 million IPO at $10 02/28/19
- US IPO Week Ahead: A biotech, a SPAC, and e-sports to go public 02/22/19
- US IPO Weekly Recap: Two billion-dollar biotechs cap a mixed week for biotech IPOs 02/08/19
- Energy SPAC Tortoise Acquisition files for a $225 million IPO 02/06/19
Special Report: SPAC merger returns crumble, upending the 2022 SPAC market
After last year’s SPAC boom, 2022 has started off as a bust. Of the 199 companies that went public via SPAC merger in 2021, only 11% trade above the offer price, and the group averages a -43% return. Completed SPAC mergers (de-SPACs) have performed...read more
The road less traveled: 14 auto-tech plays going public via SPAC
The quiet buzz of electric vehicles is growing louder as more EV makers choose to go public by merging with a SPAC. While several large Chinese EV companies have completed IPOs in recent years (NIO, LI, XPEV), the last major US EV maker to IPO was...read more
Sustainable energy SPAC Tortoise Acquisition II prices upsized $300 million IPO at $10
Tortoise Acquisition II, the second blank check company formed by Tortoise Capital targeting a sustainable energy business, raised $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-quarter of a warrant,...read more
US IPO Weekly Recap: The IPO market gets a Lyft
The US's #2 ridesharing app has finally shared its financials. Lyft filed publicly for an IPO that we estimate could raise $3 billion. The "decacorn"...read more