After a dismal 2022, a number of SPAC mergers have outperformed this year alongside a strong rebound in IPO returns and the broader stock market. While most de-SPACs continue to trade below the $10 transaction price, investors may be finding hidden gems among...read more
The summer doldrums have hit the IPO market, in a week with one Hong Kong investment bank, one Israeli medical device maker, and two SPACs. Hong Kong-based AMTD International (HKIB) priced last Friday but began trading on Monday, raising...read more
Thunder Bridge Acquisition II, the second blank check company led by Gary Simanson targeting the fintech industry, raised $300 million by offering 30 million units at $10, as expected. Each unit consists of one ordinary share and one-half of one warrant...read more
Nine companies entered the public market this week, led by customer experience software provider Medallia (MDLA) with a first day pop of 76%. The software company priced at $21, well above the range, to raise $326 million at a fully...read more
28 SPAC mergers that have outperformed in 2023
After a dismal 2022, a number of SPAC mergers have outperformed this year alongside a strong rebound in IPO returns and the broader stock market. While most de-SPACs continue to trade below the $10 transaction price, investors may be finding hidden gems among...read more
US IPO Weekly Recap: Chinese investment bank taps US IPO market
The summer doldrums have hit the IPO market, in a week with one Hong Kong investment bank, one Israeli medical device maker, and two SPACs. Hong Kong-based AMTD International (HKIB) priced last Friday but began trading on Monday, raising...read more
Fintech SPAC Thunder Bridge Acquisition II prices $300 million IPO at $10
Thunder Bridge Acquisition II, the second blank check company led by Gary Simanson targeting the fintech industry, raised $300 million by offering 30 million units at $10, as expected. Each unit consists of one ordinary share and one-half of one warrant...read more
US IPO Weekly Recap: Medallia tops a 9-IPO week with a 76% first day return
Nine companies entered the public market this week, led by customer experience software provider Medallia (MDLA) with a first day pop of 76%. The software company priced at $21, well above the range, to raise $326 million at a fully...read more