HUNTU News

Sandwiched between the election and Thanksgiving, the US IPO market had another slow week for new offerings. Meanwhile, recent news and a string of initial filings signals that companies are preparing for IPOs in December and early 2017. Those plans are supported by the S&P 500's two-week rally of +4.7%; during the same time, year-to-date performance for 2016 IPOs has...read more

Hunter Maritime Acquisition, a blank check company formed by Belgium's Saverys family to acquire a drybulk shipping company, raised $150 million by offering 15 million shares at $10, as expected. Hunter Maritime Acquisition plans to list on the Nasdaq under the symbol HUNTU. Morgan Stanley acted as a lead manager on the deal. The SPAC's initial public offering comes at the end of...read more

Hunter Maritime Acquisition, a blank check company formed by Belgium's Saverys family to acquire a drybulk shipping company, announced terms for its IPO on Tuesday. The Majuro, Marshall Islands-based company plans to raise $150 million by offering 15 million units at a price of $10. At that price, it would command a fully diluted market value of $188 million. Units consist of...read more