In 2020, 219 SPACs raised $73 billion in proceeds, Business Insider reported. That’s a 462% year-over-year jump in proceeds raised using the process, outpacing traditional IPOs, which raised $67 billion year-to-date. Companies including Virgin Galactic, AppHarvest and DraftKings have chosen the SPAC approach.
SPAC Siddhi Acquisition files for a $200 million IPO, targeting the food and beverage industry
Siddhi Acquisition, a blank check company formed by Siddhi Capital targeting the food and beverage industry, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.
Elliott Management's tech-focused SPAC Elliott Opportunity I files for a $1.0 billion IPO
Elliott Opportunity I, a blank check company formed by Elliott Management targeting technology, filed on Friday with the SEC to raise up to $1.0 billion in an initial public offering.
Michael Klein’s SPAC Churchill Capital Corp V prices upsized $450 million IPO at $10
Churchill Capital Corp V, the fifth blank check company founded by dealmaker and former Citi executive Michael Klein, raised $450 million by offering 45 million units at $10.
Liberty Media-backed SPAC aims to raise $500 mln in U.S. IPO
A blank-check company backed by Formula One-owner Liberty Media Corp is looking to raise $500 million in a U.S. initial public offering, a regulatory filing showed on Thursday.
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.
David Crane is back, with a climate-tech SPAC
One of the hottest 2020 trends in raising capital is infiltrating climate-tech investing. As of mid-September, the stock market had welcomed at least 82 initial public offerings this year by special purpose acquisition companies (SPACs) — organizations that collectively raised more than $31 billion. Last week, former NRG Energy CEO David Crane joined the frenzy.
Ex-Trump Adviser Cohn Raises More Than Planned in Blank-Check IPO
Gary Cohn, the former economic adviser to U.S. President Donald Trump, raised $720 million on Tuesday in an initial public offering (IPO) for a new blank-check acquisition company, 20% more than originally planned, according to a person familiar with the matter.
13 companies file to list on Monday: IPO market set to explode after Labor Day
13 new issuers joined the pipeline on Monday, with two more filing on Tuesday. This includes 10 traditional IPOs, one direct listing,…
DealBook: The Urge to Reverse Merge
SPACs are just getting started The “blank check” acquisition funds known as special purpose acquisition companies, or SPACs, have raised more…