Commentary & News

Four sizable IPOs raised a combined $4.9 billion in May, the biggest month for proceeds since December 2021. May activity was well below the 10-year average for deal count (19 IPOs) but on par for proceeds ($5.0B), and the month now accounts for two-thirds of 2023 IPO proceeds to date thanks to its slate of large deals. Issuance was led by J&J’s Kenvue...read more

Lucas GC, which provides online recruiting and outsourcing services in China, raised the proposed deal size for its upcoming IPO on Wednesday. In its latest filing, the company also replaced joint bookrunners The Benchmark Company and Valuable Capital with Prime Number Capital, and disclosed financials for the year ended December 31, 2022. The Beijing, China-based company now plans...read more

Global Engine Group Holding, a Hong Kong-based ICT solutions provider, lowered the proposed deal size for its upcoming IPO on Wednesday. In its latest filing, the company also disclosed financials for the six months ended December 31, 2022. The company now plans to raise $9 million by offering 2 million shares at a price range of $4 to $5. The company had previously filed to offer...read more

About 440 companies have listed via SPAC mergers in the past five years, with only 9% (40) currently trading above their original IPO price. Below, we highlight the 15 de-SPACs in that group that are sizable, have positive revenue growth and EBITDA, and decent trading volume.

- Consumer names are well-represented on this list, with both consumer staples such as...read more