Posts
April 14 2021
Grab is going public in $40 billion SPAC deal, the biggest on record
Southeast Asia’s ride-hailing giant Grab is setting the stage for an eye-popping Wall Street debut. The Singapore-based startup announced Tuesday that it would merge with a special-purpose acquisition company, or SPAC, backed by Altimeter Capital in a deal that would pave the way for a New York listing and value Grab at about $39.6 billion.
www.cnn.com
April 13 2021
HelloFresh Founder Lists $300 Million SPAC For European Tech Buyouts
Dominik Richter, CEO and founder of HelloFresh, and venture capital investor Roman Kirsch have raised $300 million for a blank-check company to reverse-merge with European tech companies.
www.forbes.com
April 13 2021
Web Doctor Babylon in Talks to List Via Ex-Groupon CEO SPAC
Babylon, the medical startup that connects patients and doctors via an app, is in talks to go public in a merger with blank-check company run by former Groupon Inc. executives, according to people familiar with the matter.
www.bloomberg.com
April 12 2021
SPAC Boom Faces New SEC Threat With Accounting Crackdown
U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies.
www.bloomberg.com
March 24 2021
Chinese tech-focused SPAC Hony Capital Acquisition files for a $300 million IPO
Hony Capital Acquisition, a blank check company targeting tech-enabled consumer and healthcare businesses in China, filed on Wednesday with the SEC to raise up to $300 million in an initial public offering.
www.renaissancecapital.com
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