Shake Shack Founder Meyer’s SPAC Files for $250 Million IPO
USHG Acquisition Corp., a blank-check company led by Shake Shack founder Danny Meyer, filed to raise $250 million in an initial public offering. Meyer, who is chairman of the special purpose acquisition company, is chief executive officer of Union Square Hospitality Group LLC, which has operated more than 20 restaurants and bars, according to the […]
Vista’s Solera Is in Talks to Go Public Via Apollo SPAC
Transaction could value Solera at more than $6.5 billion. Apollo blank-check company had raised $817 million last year. Vista Equity Partners-backed Solera Holdings Inc. is in talks to go public via a merger with blank-check firm Apollo Strategic Growth Capital, according to people familiar with the matter. The SPAC has begun talks with investors about […]
KKR Joins SPAC Party Seeking $1 Billion in Blank-Check Listing
Private equity giant KKR Inc. filed to raise $1 billion via a special purpose acquisition company. KKR Acquisition Holdings I Corp. filed on Thursday with the U.S. Securities and Exchange Commission to sell 100 million units for $10 each. The vehicle will focus on acquisition targets in the consumer or retail industries, according to the […]
London IPOs Drive Europe’s Listings Boom With New Crop of Deals
MGC Pharmaceuticals readies LSE’s first medical cannabis float. Auction Technology Group, Digital 9, NextEnergy line up IPOs. February is shaping up to be another busy month for London listings, building on its best start to a year since the global financial crisis as four firms laid out plans Monday for U.K. initial public offerings. Medical […]
Payoneer Reaches $3.3 Billion Deal to Go Public With Betsy Cohen SPAC
Payment firm used by Airbnb, Amazon to merge with FTAC Olympus. Company is profitable, expects $432 million in revenue in 2021. Payoneer Inc., the online payments firm used by the likes of Airbnb Inc. and Amazon.com Inc., agreed to go public by merging with a blank-check firm led by Betsy Cohen. The deal with FTAC […]
Dating app Bumble aims for nearly $6 billion valuation in U.S. IPO
Bumble Inc, which operates its eponymous dating app, is aiming for a valuation of nearly $6 billion in its initial public offering (IPO), as it prepares for a high-profile market debut at a time when U.S. capital markets have touched record highs. The company, in a regulatory filing on Tuesday, said it would sell about […]
Dr Martens will make stock market debut at value of £3.7bn
Investor demand means famous boot brand’s IPO is eight times oversubscribed. Dr Martens will make its stock market debut at 370p a share, giving it a valuation of £3.7bn at the top end of its range after keen investor demand for the famous boot brand meant the offer was eight times oversubscribed. As part of […]
SPAC listing boom drives record US$63 billion January for IPOs
A record month for SPAC listings is helping power the busiest-ever start to a year for initial public offerings, in another sign of the investor frenzy that’s led to overheated markets around the globe. Special purpose acquisition companies completed nearly US$26 billion of share sales in January, surpassing the previous monthly record set in October, […]
Brazilian asset manager Vinci eyes deals at home after U.S. IPO
Vinci Partners Investment Ltd will use proceeds from its $250 million U.S. initial public offering to expand in its home Brazilian market, an executive at the alternative asset manager said on Thursday. The Rio de Janeiro-based firm intends to acquire rivals to expand its product suite, including in real estate, equities, and some credit strategies, […]
Malaysia private equity firm Creador targets July IPO for credit agency
Malaysian private equity firm Creador, which is hitting the road to raise up to $650 million for its fifth vehicle, is also preparing its exit pipeline for 2021, according to founder and CEO Brahmal Vasudevan. Creador, which has closed two big vehicles in the last five years, hopes to divest its more than five-year-old stakes […]
