Lakestar, an early investor in Spotify Technology SA, is looking to raise as much as 400 million euros ($484 million) for a rare Europe-listed blank-check company, people familiar with the matter said.
Luminar Technologies More Than Doubles Post SPAC Merger
Peter Thiel-backed Luminar Technologies Inc. briefly touched an all-time high within days of emerging as a standalone company as investor excitement over developers of laser-sensors that enable autonomous driving (lidar) ramped up.
Wealthy Europeans Join SPAC Club in Record Year for Listings
The allure of blank check companies is spreading beyond the U.S., with a host of European business tycoons now plotting deals. Listing a so-called special purpose acquisition company, or SPAC, has been the go-to method for wealthy Americans to raise money for takeovers this year.
Elite Model Merger With Galileo Blank-Check Company Collapses
Model agency Elite Model World’s merger discussions with blank-check firm Galileo Acquisition Corp. have fallen apart without a deal being reached, according to people with knowledge of the matter.
Pershing Square Holdings Very Attractive At 28.5% Discount To Understated NAV
Pershing Square Holdings is a closed-end fund trading in London and Amsterdam.
It trades at a 28.5% discount to net asset value, which is a lot in a relative and absolute sense.
The fund has exposure to sponsorship warrants in the largest SPAC in history that are likely undervalued on its book.
Credit Suisse, Bird Rides In Talks To IPO Via SPACs
Scooter rental startup Bird Rides Inc. is working on a deal with Credit Suisse Group to go public via a special purpose acquisition company (SPAC), according to a report from Bloomberg.
Webinar: Bloomberg solutions for SPACs
Special Purpose Acquisition Companies (SPACs), have seen a resurgence in popularity over the past 2 years, and it’s easy to see why.
Podcast: This Is The NYSE’s Plan To Win More Direct Listings
This year’s stock market boom has coincided with a boom in new listings.
Goldman’s U.S. head of SPACs sees investors getting indigestion
Ten months into 2020, a record $61 billion has been raised in initial public offerings by blank-check firms—but investors may be more discerning from here on.
Video: Boehly Eyes Financial Services, Sports, Media With SPACs Cash
Todd Boehly, chairman and chief executive officer at Eldridge Industries, discusses the sector acquisition targets for his two so-called blank-check companies, public ownership of professional…
Blank-Check Dealmakers Seek to Raise $100 Million for SPAC Fund
A team of blank-check company dealmakers is seeking to raise $100 million for a fund that will invest exclusively in special purpose acquisition companies.
SPACs Have Raised More in 2020 Than the Last 10 Years Combined
Blank-check companies are having a record-breaking year, raising about $41 billion so far, according to data compiled by Bloomberg.
Big Law Firms Scramble to Cash in on Blank-Check Bonanza
New York lawyer Douglas Ellenoff’s firm was the go-to adviser for “blank-check” initial public offerings long before the niche market exploded into the most fashionable way to go public.
Why Airbnb Is Saying ‘Thanks, But No Thanks’ To Bill Ackman’s SPAC
Short-term rental giant Airbnb has said “thanks, but no thanks” — at least for now — to a proposal to go public by merging with billionaire Bill Ackman’s special purpose acquisition company (SPAC).
Why SPACs Have Become the ‘Revenge of the Retail Investor’
DMY Technology Group Chairman Harry You says special purpose acquisition companies (SPACs) are “wonderful for the investors” due to the extended amount of time to evaluate the investment. He speaks with Bloomberg’s Ed Hammond on “Bloomberg Markets: The Close.”
SPACs Are Just at Top of First Inning, Kevin Hartz Says
Aug.18 — Kevin Hartz, chief executive officer of One and co-founder of Eventbrite Inc., says the market for special purpose acquisition companies (SPACs) is just…
DAZN Eyes $1 Billion in New Funding Push
(Bloomberg) — DAZN Group Ltd., the sports-streaming service backed by billionaire Len Blavatnik, has revived talks to raise new funding after spending heavily on its…
Casper Sleep’s CEO Krim Files for $300 Million Blank-Check IPO
Casper Sleep Inc.’s chief executive officer has filed to raise $300 million for a blank-check company after seeing shares of the mattress company he founded…