Posts
March 24 2021
SPAC Khosla Ventures Acquisition III prices $500 million IPO, targeting differentiated tech
Khosla Ventures Acquisition III, the third blank check company formed by Khosla Ventures targeting differentiated tech with large market opportunities, raised $500 million by offering 50 million shares at $10. The offering did not contain units with warrants attached.
www.renaissancecapital.com
March 24 2021
Serena Williams-backed SPAC plans to take 3D printing startup public in $1.6B deal
Velo3D Inc. plans to team up with Serena Williams. The 3D-printing company announced Tuesday it plans to go public in a merger with a “blank check” company backed by the tennis star. The deal would Velo3D at $1.6 billion.
www.bizjournals.com
March 24 2021
Hony Capital-backed SPAC looks to raise $300 mln in U.S. IPO
A blank-check firm backed by Hony Capital, which has investments in TikTok owner ByteDance and WeWork’s China unit, is aiming to raise $300 million in an U.S. initial public offering, according to a regulatory filing on Wednesday.
www.finance.yahoo.com
March 23 2021
As Retail-Focused SPACS Gain Steam, How Can Blank Check Firms, Target Companies Mitigate Liability?
KKR Acquisition Holdings I Corp raised $1.2 billion in an upsized initial public offering (“IPO”) on March 17. Trading on the New York Stock Exchange via ticker KAHC, the newly-public Special Purpose Acquisition Company (“SPAC”) was founded by private equity firm KKR & Co.
www.thefashionlaw.com
March 16 2021
First SPAC in Europe’s Rich North Has Bankers Lining Up for More
The bank behind Scandinavia’s first special purpose acquisition company is now building out its corporate finance unit, with headcount set to grow by as much as 10%.
www.bloomberg.com
March 16 2021
Cushman & Wakefield Files for $250 Million Real Estate-Focused SPAC
The real estate industry SPAC craze continues. This time it’s Cushman & Wakefield (NYSE: CWK). The Chicago-based company plans to raise $250 million by offering 25 million units at $10.
www.fool.com
March 16 2021
Vice Nears SPAC Deal Priced at Less Than Half of Previous $5.7 Billion Valuation (Report)
Vice and BuzzFeed are each looking to go public through a deal with a special purpose acquisition company, or SPAC, according to a report from The Information on Tuesday morning. Both deals, according to the report, are “likely” to come in below what the outlets have previously been valued at.
www.yahoo.com
March 16 2021
eToro to go public via merger with blank check company at $10.4bn valuation
London-based investment platform eToro is set to merge with a blank check company after years of speculation about the fintech firm going public.
www.theblockcrypto.com