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SPCE News

Special Report: SPAC merger returns crumble, upending the 2022 SPAC market

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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

Bill Ackman's Pershing Square Tontine joins a long list of 2020 SPAC milestones

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Pershing Square Tontine Holdings (PSTHU) raised $4 billion and traded up 6.5% yesterday, becoming the largest Special Purpose Acquisition Company (SPAC) ever to go public. It is the latest milestone in a record-breaking year for SPACs. To...read more

International tech-focused SPAC Social Hedosophia III set to price $600 million IPO tonight, 4/21

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Social Capital Hedosophia Holdings III, the third blank check company formed by Social Capital and Hedosophia targeting a non-US tech business, is expected to price on Tuesday, April 21, 2020. ...read more

US IPO Week Ahead: The IPO market shutdown continues with another quiet week

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There are no IPOs scheduled for the week ahead as the IPO market shutdown continues. Two SPACs may price on a day-to-day basis. Renaissance Capital will be releasing its 1Q20 Quarterly Reviews for both the US and the Global IPO...read more