HDRAU News

Hydra Industries Acquisition, a blank check company formed by A. Lorne Weil and sponsored by Macquarie, raised $80 million by offering 8 million units (down from 10 million units) at $10. Hydra Industries Acquisition plans to list on the NASDAQ under the symbol HDRAU. UBS Investment Bank acted as the lead manager on the deal....read more

Seven initial public offerings are expected to raise $1.7 billion in the upcoming week. Four IPOs are biotechs, including Forward Pharma, which could be the year's largest (and 60th), and three others in early stages of development. Consolidated fiber optic network Zayo Group is expected raise $650 million to be the week's largest deal. We should also see the IPOs of midstream...read more

Hydra Industries Acquisition, a blank check company formed by A. Lorne Weil and sponsored by Macquarie, filed and set terms for an initial public offering on Tuesday. The New York, NY-based company plans to raise up to $100 million by offering 10 million units at $10 per unit. At that price, the company would command a fully diluted market value of $125 million. A. Lorne...read more