Posts
August 31 2020
Tech entrepreneurs’ SPAC Reinvent Technology Partners files for a $600 million IPO
Reinvent Technology Partners, a blank check company formed by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus targeting the tech sector, filed on Monday with the SEC to raise up to $600 million in an initial public offering.
www.nasdaq.com
August 31 2020
$510 Million Deal Will Allow Orange County Home Builder to Go Public
An Orange County-based residential home builder will soon trade in Nasdaq after merging with a New York-based blank check company in a $510 million deal.
www.spectrumnews1.com
August 31 2020
ACON Investments’ sustainability-focused SPAC ACON S2 Acquisition files for a $250 million IPO
ACON S2 Acquisition, a blank check company formed by ACON Investments targeting a sustainable business, filed on Monday with the SEC to raise up to $250 million in an initial public offering.
www.nasdaq.com
August 31 2020
Merger Could Help Lidar Firm Scale Up
On 24 August, the Silicon Valley–based lidar development company Luminar Technologies announced that it had entered into an agreement to merge with Gores Metropoulos, Inc., a special-purpose acquisition company (SPAC).
www.osa-opn.org
August 29 2020
DraftKings CEO sounds alarm on SPAC market: ‘Hopefully the market settles down a little bit there’
The SPAC market may be getting frothy. Just like in entertainment, when network executives copycat a hit show format until the market is saturated, investors are flooding the market with special purpose acquisition companies, or SPACs, to scout private companies to take them public.
www.cnbc.com
August 27 2020
NYSE gets approval for cheaper IPO alternative for companies amid SPAC boom
The New York Stock Exchange has won the approval from regulators to allow companies to issue new shares through direct listings, creating a cheaper alternative to the traditional initial public offering.
www.cnbc.com
August 27 2020
Gary Cohn, ex-Trump adviser joins $600 million blank-check company IPO
Cohn Robbins Holdings (CRH), a new blank check company just formed by Gary Cohn and veteran investor Clifton Robbins, raised the proposed deal size for its upcoming IPO on Tuesday. CRH raised $600 million offering 60 million units at $10.
www.usaherald.com
August 26 2020
3D Printing Unicorn Desktop Metal To Go Public In Latest Deal With A Blank Check Company
3D printing unicorn Desktop Metal is the latest company to go public in a deal with a blank check company.
www.forbes.com