Will the London Stock Exchange follow the NASDAQ into promoting SPACs?
Special Purpose Acquisition Companies, otherwise known as SPACs, have seen intense investor interest in the past year. Now some major players in the UK financial markets are calling for a similar setup to take place on the London Stock Exchange. This could bring a much-needed boost to the UK capital markets. A SPAC allows a […]
Insurance IT firm CCC Information to go public via $7-bln SPAC deal
CCC Information Services said on Wednesday it was going public through a merger with blank-check firm Dragoneer Growth Opportunities Corp, in a deal that valued the data and technology provider to auto and insurance firms at about $7 billion. The deal is expected to fetch CCC Information $968 million, including a $150 million private investment from […]
Investors Can’t Get Enough of Europe’s New SPAC Kingpins
Investors are rushing to back Europe’s emerging SPAC stars, from ex-Credit Suisse Group AG boss Tidjane Thiam to former Deutsche Bank AG dealmaker Garth Ritchie. Thiam raised $300 million for a special purpose acquisition company focused on deals in the financial industry, up from an initial $250 million target, according to a statement Friday. He […]
A Flood of SPAC Money Will Take You Out Of Your Car And Into The Air
What a start to the year. In less than two months, 171 special purpose acquisition companies have gone public in offerings that have raised $53.3 billion. That’s three times the number and over 2.5 times the value of the traditional IPO market. Even celebrities like Shaquille O’Neal, Paul Ryan and Alex Rodriguez have gotten into […]
Gaw Capital Said to Weigh $200 Million SPAC for Asia Tech Deals
Gaw Capital Advisors is considering raising at least $200 million through a special purpose acquisition company in the U.S., according to people familiar with the matter. The buyout firm plans to set its sights on technology firms in Asia for targets of the proposed blank-check company, said the people, who asked not to be identified […]
Tesla rival Lucid Motors to go public in $24-billion mega SPAC deal
Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at a pro-forma equity value of $24 billion. Lucid, run by an ex-Tesla engineer, is the latest firm to tap the initial public offering market, with […]
