SPAC

299 IPOs Raise $21.5 Billion in Global Markets in Q1-2023

The global markets witnessed as many as 299 Initial Public Offerings (IPOs) raising $21.5 billion in Q1-2023 owing to interest…

3 years ago

With IPOs on ice, banks’ stock offering fees plummet

Recession fears and Russia's invasion of Ukraine sent a chill through equity capital markets (ECM) in the second quarter, depriving…

3 years ago

Analysis: SPACs splash the cash to salvage deals as market unravels

SPACs are turning to costly new tactics to keep investors from jumping ship as market confidence wanes in the once…

4 years ago

Singapore hosts third SPAC listing; Novo Tellus-backed firm makes debut

Southeast Asian industrial technology buyout fund Novo Tellus Capital Partners listed its special purpose acquisition company (SPAC) in Singapore on…

4 years ago

U.S. investors lean on blank-check firms in search for energy transition targets

Former U.S. oil investment bankers, portfolio managers and executives have formed over 20 listed blank-check companies to take renewable energy…

4 years ago

EXCLUSIVE China’s tech crackdown thwarts Pony.ai’s U.S. listing plans -sources

Autonomous driving startup Pony.ai has put on hold plans to go public in New York through a merger with a…

4 years ago

Analysis: Cash-hungry emerging markets arrive late to the SPAC party

Emerging markets have so far been on the fringes of a fundraising boom using so-called SPACs or special-purpose acquisition companies,…

4 years ago

Bill Ackman rejigs Universal deal after regulators probe SPAC plan

Billionaire investor Bill Ackman will buy up to 10% of Vivendi's (VIV.PA) Universal Music Group through his main hedge fund,…

4 years ago

EXCLUSIVE U.S. SEC focuses on bank fee conflicts as it steps-up SPAC inquiry -sources

The U.S. securities regulator has ramped-up its inquiry on Wall Street's blank check acquisition frenzy, homing in on potential conflicts…

4 years ago

Ackman sees path to possible U.S. listing for Universal, working on next deal

William Ackman, whose blank check acquisition company struck a deal to buy 10% of Universal Music Group (UMG) last week,…

4 years ago