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