Jensyn Acquisition, a blank check company formed to acquire an IT consulting business, raised $39 million by offering 3.9 million units at $10. It had originally planned to raise $40 million by offering 4 million units. As a blank check company, Jensyn Acquisition does not count toward our IPO stats. Jensyn Acquisition plans to list on the Nasdaq under the symbol JSYNU....read more
Blank check company Silver Run Acquisition (SRAQU) made headlines in the IPO market - partly because little else could - as it completed the year's largest "IPO" in an upsized $450 million offering. That's 13% more capital raised than the combined total...read more
The IPO market remains in the doldrums this week, but the Renaissance IPO Index's 10% gain in the past two weeks suggests that the IPO train could start rolling again in March. Second time's a charm After a scrapped IPO attempt in June 2014, Syndax Pharmaceuticals (SNDX) has shifted its business focus after discovering new indications for its...read more
Jensyn Acquisition, a blank check company formed to acquire consulting businesses, announced terms for its IPO on Monday. The Freehold, NJ-based company plans to raise $40 million by offering 4.0 million units for $10 each. At that price, Jensyn Acquisition would command a fully diluted market value of $52 million. Insiders plan to invest $2.5 million in a concurrent...read more
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Microcap SPAC Jensyn Acquisition prices $39 million IPO at $10 per unit
Jensyn Acquisition, a blank check company formed to acquire an IT consulting business, raised $39 million by offering 3.9 million units at $10. It had originally planned to raise $40 million by offering 4 million units. As a blank check company, Jensyn Acquisition does not count toward our IPO stats. Jensyn Acquisition plans to list on the Nasdaq under the symbol JSYNU....read more
Cracks in the market bring SPACs to the market: Fun facts about SPACs
Blank check company Silver Run Acquisition (SRAQU) made headlines in the IPO market - partly because little else could - as it completed the year's largest "IPO" in an upsized $450 million offering. That's 13% more capital raised than the combined total...read more
Week ahead: IPO market still stuck in neutral
The IPO market remains in the doldrums this week, but the Renaissance IPO Index's 10% gain in the past two weeks suggests that the IPO train could start rolling again in March. Second time's a charm After a scrapped IPO attempt in June 2014, Syndax Pharmaceuticals (SNDX) has shifted its business focus after discovering new indications for its...read more
A consultant's blank check: Jensyn Acquisition sets terms for $40 million IPO
Jensyn Acquisition, a blank check company formed to acquire consulting businesses, announced terms for its IPO on Monday. The Freehold, NJ-based company plans to raise $40 million by offering 4.0 million units for $10 each. At that price, Jensyn Acquisition would command a fully diluted market value of $52 million. Insiders plan to invest $2.5 million in a concurrent...read more