Nasdaq IPOs

Avanti Acquisition, a blank check company formed by NNS Group and Sienna Capital targeting a European business, raised $600 million by offering 60 million units at $10. The company offered 10 million more units than anticipated. Each unit consists of one share of common stock and

ION Acquisition 1, a blank check company formed by ION Asset Management to acquire an Israeli business, raised $225 million by offering 22.5 million units at $10. The company offered 2.5 million more units than anticipated. Each unit consists of one share of common stock and

Sports Entertainment Acquisition, a blank check company formed by former NFL and NHL executives targeting the sports and entertainment sectors, raised $400 million by offering 40 million units at $10. The company offered 5 million more units than anticipated. Each unit consi

Atlantic Avenue Acquisition, a blank check company formed by MC Credit Partners targeting the business and consumer-related sectors, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at

VG Acquisition Corp., a blank check company formed by Virgin Group targeting consumer-facing businesses in the US and Western Europe, raised $480 million by offering 48 million units at $10. The company offered 8 million more units than anticipated. Each unit consists of one shar

Immunome, a preclinical biotech developing antibody therapies for cancer and infectious diseases, raised $39 million by offering 3.3 million shares at $12, within the range of $11 to $13. The company offered 0.8 million more shares than anticipated. At pricing, the company raised

Processa Pharmaceuticals, which is developing an analog therapy for necrotic skin disease, raised $19 million by offering 4.8 million shares at $4, below the last close of its shares on the OTCQB (PCSA). The company most recently filed to offer 3.9 million shares at $5. At pricin

C4 Therapeutics, a preclinical biotech developing small molecule protein degraders to treat cancer, raised $182 million by offering 9.6 million shares at $19, above the range of $16 to $18. The company offered 0.8 million more shares than anticipated. At pricing, the company rais

Oncorus, a Phase 1 biotech developing oncolytic virus therapies for solid tumors, raised $87 million by offering 5.8 million shares at $15, within the range of $14 to $16. Oncorus plans to list on the Nasdaq under the symbol ONCR. Jefferies, Evercore ISI and Piper Sandler acted a

Guild Holdings, which provides personalized mortgage services and loan origination, filed on Thursday with the SEC for a $100 million initial public offering. All shares in the offering will be sold by existing shareholders.  With its 60 year history, the company is among th

CONX, a blank check company formed by TMT industry veteran Charles Ergen, filed on Thursday with the SEC to raise up to $1.0 billion in an initial public offering. The Littleton, CO-based company plans to raise $1.0 billion by offering 100 million units at $10. Each uni

We’ve updated our July blog post for quarter-end returns and new commentary. In the third quarter, a record-breaking 83 SPACs raised $30.6 billion, the latest in a growing list of milestones for the increasingly popular IPO alternative. The space is hotter than ever, but SP

AmeriHome, a residential mortgage producer and servicer, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal we estimate could raise up to $300 million. AmeriHome has created a flexible and sca

Gatos Silver, a US producer of silver and other precious metals, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. It plans to dual-list its shares on the NYSE and the Toronto Stock Exchange. Gatos Silver is a precious metals prod

Duddell Street Acquisition, a blank check company formed by Maso Capital, filed on Thursday with the SEC to raise up to $175 million in an initial public offering. The Hong Kong, China-based company plans to raise $175 million by offering 17.5 million units at $10. Each

Thryv Holdings, a restructured marketing services provider offering online tools and print yellow pages, completed its direct listing on the Nasdaq today under the symbol THRY.  The stock opened at $14 with minimal volume, before trading to $10.64 by mid-day. In August

IPO Frenzy Drives Busiest Third Quarter Since 2000 The US IPO market had its busiest third quarter by deal count since the Dot-com era, with 81 IPOs raising $28.5 billion. The high volume combined with several large deals resulted in the largest quarter by proceeds in six years.

The fact is, corporations really are people from a legal perspective, but their personhood frequently goes beyond their legal status. Corporations often have personalities, at least in our perception of them.

Lixiang Education Holding, which provides private primary and secondary education services in China, raised $31 million by offering 3.3 million ADSs at $9.25, within the range of $9 to $11. At pricing, the company raised 8% less in proceeds than anticipated. Lixiang Education Hol

AEA-Bridges Impact Corp., a blank check company formed by AEA Investors and Bridges Fund Management targeting impact and ESG businesses, raised $400 million by offering 40 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable