HCACU News

The US's #2 ridesharing app has finally shared its financials. Lyft filed publicly for an IPO that we estimate could raise $3 billion. The "decacorn" booked $2.2 billion in revenue during 2018, a 103% gain over 2017. Meanwhile, losses swelled to about $1 billion. Two...read more

Hennessy Capital Acquisition IV, a blank check company targeting the industrial and infrastructure sectors, raised $261 million by offering 26.1 million units at $10. The company had originally planned to raise $250 million. BlackRock expressed an interest in purchasing $32.5 million of the IPO.  Each unit consists of one share of the Company’s Class A common stock...read more

Hennessy Capital Acquisition IV, a blank check company targeting the industrial and infrastructure solutions sectors, filed with the SEC on Monday to raise $250 million in an initial public offering. The Wilson, WY-based company plans to raise $250 million by offering 25 million units at a price of $10. Insiders intend to purchase $33 million worth of units in the offering...read more

Fast-growing and highly-profitable pet food maker Blue Buffalo could be top dog this week. Five businesses and one blank check company are on the IPO calendar to raise over $1 billion. The third quarter has already seen more consumer IPOs than the first quarter, and Blue Buffalo will be the third. Yet...read more