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KVACU News
Archived Headlines
US IPO Weekly Recap: July closes out with 2023’s first direct listing and a wave of small IPOs
A handful of small IPOs and one direct listing closed out the last full week of July. Aviation company Surf Air Mobility (SRFM) completed the first direct listing of 2023, opening 75% below its reference price to begin trading at $5. The company provides a regional air mobility platform and intends to develop powertrain technology to electrify existing fleets...read more
ESG-focused SPAC Keen Vision Acquisition prices $130 million IPO
Keen Vision Acquisition, a blank check company formed by Keen Vision Capital focused on ESG, raised $130 million by offering 13 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50. The SPAC is led by CEO and Chairman Kenneth Wong, the founder and CEO of Keen Vision Capital (BVI), a single-family...read more
US IPO Week Ahead: Surf Air Mobility plans the year’s first direct listing as July comes to a close
Two deals are currently on the calendar for the week ahead, only one of which qualifies for inclusion in our stats. One SPAC is also tentatively scheduled to price. After scrapping plans for a SPAC merger in 2022, aviation company Surf Air Mobility (SRFM) is slated to begin trading on the NYSE in the first direct listing of 2023. Surf Air provides a regional air...read more
The year's first blank check IPOs join the pipeline after the longest filing drought in years; what's next for SPACs?
Last week, Keen Vision Acquisition (KVISU.RC) and SilverBox III (SBXC.U) became the first blank check IPOs to file in 2023, ending the longest drought of new SPAC filings in more than five years. That milestone and the shrinking pipeline of blank check IPOs hint at lower SPAC merger activity in 2024. Formed by investment firm Keen Vision...read more