An unprecedented FOUR SPACs expected to price their IPOs Thursday.
We’ve got a quadruple header…EdTechX, Arya Sciences, ChaSerg and Collier Creek are all expected to price their IPOs this evening for trading Friday. Suit up and get ready because another $730 million worth of SPACs are about to hit the market. Plus, that means our total 2018 deal count jumps to 37 with $8.952 billion in gross proceeds sold (before any up-sizes or over-allotments).
It will be interesting to see which ones upsize and how they trade tomorrow given that all four have different structures and focuses.
However, since we have an abundance of SPACs, the terms have been summarized below in a grid so you can compare, starting from smallest to largest.
We’ll be watching to see if anything changes, but as of right now, this is a record number of SPAC IPOs for one day. Exciting stuff…
Terms Tracker for the Week Ending November 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This being the Thanksgiving holiday week, we are thankful for a lot of things, but mostly that 2023 is almost over. It’s been a rough...
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IB Acquisition Corp. submitted its S-1 filing Friday afternoon for a $100 million IPO, coming right on the heels of Bayview Acquisition Corp, which also filed its S-1 that day. IB is also similar to Bayview in that its units do not feature a warrant but include 1 right for 1/10. However, its trust is slightly...
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