The SPAC market is showing new signs of pressure as four merger agreements have been called off over the past two weeks. That represents 36% of the year’s 11 terminations, all of which have come in the second half of the year, mostly from deals announced...read more
Malacca Straits Acquisition, a blank check company targeting a business in Southeast Asia, raised $125 million by offering 12.5 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At...read more
Six IPOs raised a combined $1.7 billion this past week, all of which began trading on Friday in the single busiest day of 2020 so far. API platform Agora (API) skyrocketed 153% in the best first day pop since 2019 IPO Beyond Meat (BYND)....read more
Ripped blank checks: SPAC market sees bump in merger terminations
The SPAC market is showing new signs of pressure as four merger agreements have been called off over the past two weeks. That represents 36% of the year’s 11 terminations, all of which have come in the second half of the year, mostly from deals announced...read more
US IPO Weekly Recap: nCino pops 195% in 8 IPO week
Eight IPOs and six SPACs entered public markets this past week, led by nCino (NCNO), which ...read more
Southeast Asia-focused SPAC Malacca Straits Acquisition prices $125 million IPO at $10
Malacca Straits Acquisition, a blank check company targeting a business in Southeast Asia, raised $125 million by offering 12.5 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At...read more
US IPO Weekly Recap: Agora pops 153% while Albertsons falls flat in a 6 IPO week
Six IPOs raised a combined $1.7 billion this past week, all of which began trading on Friday in the single busiest day of 2020 so far. API platform Agora (API) skyrocketed 153% in the best first day pop since 2019 IPO Beyond Meat (BYND)....read more