SoFi Technologies Inc., the student-loan operator and stocks-trading platform, jumped 12% in its Nasdaq debut after merging with investor Chamath Palihapitiya’s blank-check company earlier this year.
With inflation fears weighing on stocks, investors have shifted away from tech, IPOs and SPACs.
Global mergers and acquisitions (M&A) have seen their strongest developments in four decades in the first quarter of this year as special purpose acquisition companies (SPACs) keep doing well, the Financial Times (FT) reported.
Endeavor, the parent company of WME, dropped its bid to go public in September 2019. At the time, the company said it would continue to assess market conditions as it looked for a better opportunity. That time has come, according to Wall Street watchers.
SPAC transactions are on a meteoric rise. In 2020, there were approximately 250 SPACs that, combined, raised $76 billion and made up almost half of all Initial Public Offerings (IPOs) for the year.
The craze for blank-check listings is helping Deutsche Bank AG make a comeback in the IPO world.
Southeast Asian delivery startup Grab Holdings Inc. is considering a public filing in the U.S. through a merger with a special purpose acquisition company (SPAC), Bloomberg reported on Wednesday (March 10) citing sources.
Baby monitor maker Owlet Baby Care Inc. is going public through a reverse merger with a blank-check company backed by private equity firm Sandbridge Capital, according to people with knowledge of the matter.
SPACs, shorthand for special purpose acquisition companies, have become this year’s most popular alternative option for private companies to access the public capital markets and become publicly traded.