Digital advertising company Minute Media is working with Goldman Sachs Group Inc. on a plan to go public as soon as this year, according to people familiar with the matter.
SPAC boom leads to investment bankers earning record fees
Investment banks across the globe earned record fees during the first quarter of 2021 as companies rushed to raise money from bonds and buoyant equity markets, according to Refinitiv.
AeroFarms to Go Public in $1.2 Billion Spring Valley SPAC Deal
New Jersey-based company AeroFarms is set to go public in a $1.2 billion Spring Valley SPAC deal. AeroFarms was established in 2004.
SPAC Falcon Capital Acquisition II files for a $400 million IPO, led by Ariliam’s Alan Mnuchin
Falcon Capital Acquisition II, a blank check company formed by Ariliam Group targeting a media business, filed on Wednesday with the SEC to raise up to $400 million in an initial public offering.
SEC issues warning on celebrity SPACs
Over the next two years, $103 billion in SPAC capital will be on the hunt for acquisition targets. The U.S. Securities and Exchange Commission on Wednesday notified investors not to invest in a special-purpose acquisition company, or SPAC, just because a celebrity is involved without naming names.
Special purpose acquisition companies grow in popularity on Wall Street during the pandemic
Raising special purpose acquisition companies is en vogue in the COVID-19 economy. From venture capitalist Chamath Palihapitiya to footballer-turned-activist Colin Kaepernick to former House Speaker Paul Ryan, it seems like everyone is taking part in this new variant of initial public offerings.
Healthcare SPAC VIDA FLaSH Acquisitions files for a $175 million IPO
VIDA FLaSH Acquisitions, a blank check company targeting the US healthcare industry, filed on Thursday with the SEC to raise up to $175 million in an initial public offering.
Goldman CEO Says SPAC Explosion ‘Unsustainable’
Goldman Sachs CEO David Solomon said he doesn’t think the current special purpose acquisition company (SPAC) boom is sustainable, the Financial Times (FT) reported.
SoftBank to File Monday for SPAC to Raise Over $500 Million
SoftBank Group Corp. plans to file Monday to raise at least $500 million through a blank-check company, a person familiar with the situation said, tapping investor enthusiasm for the controversial listing vehicles.
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.
Goldman Strategists Say SPACs May Spur $300 Billion M&A Activity
Blank-check companies looking for deals could lead to $300 billion in mergers and acquisitions over the next two years, according to Goldman Sachs Group Inc.
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.
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.
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.
SPAC: Och-Ziff founder’s Ajax I prices $750 million IPO at $10
Ajax I, a blank check company formed by Och-Ziff’s Daniel Och and MSD Capital’s Glenn Fuhrman, raised $750 million by offering 75 million units at $10, as expected. Each unit consists of one share of common stock and one-quarter of a warrant, exercisable at $11.50.
Michael Klein’s SPAC Churchill Capital Corp V upsizes IPO
Churchill Capital Corp V CCV_u.N, a special purpose acquisition company (SPAC) backed by former Citigroup banker Michael Klein, upsized its initial public offering to $400 million on Thursday.
App-focused SPAC dMY Technology Group III files for a $250 million IPO
dMY Technology Group III, the third blank check company formed by Niccolo de Masi and Harry You targeting an app business, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
SoftBank Plans To Launch SPAC
Japanese investment conglomerate SoftBank is getting in on the special purpose acquisition company, or SPAC, bandwagon, Axios reported Monday.
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.
Altimeter Capital’s tech SPAC Altimeter Growth Corp. files for a $450 million IPO
Altimeter Growth Corp., a blank check company formed by Altimeter Capital targeting the tech sector, filed on Friday with the SEC to raise up to $450 million in an initial public offering.