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US IPO Weekly Recap: Two small deals begin trading as big IPOs wait in the wings


Two small issuers began trading this past week, one of which is eligible for inclusion in our IPO stats, joined by one blank check IPO. Three small IPOs and one SPAC submitted initial filings. Though there were no large launches or pricings, three issuers on file to raise $100+ million disclosed updated financials: Chinese pet hospital company New Ruipeng Pet more

IoT SPAC Four Leaf Acquisition prices downsized $52 million IPO

Four Leaf Acquisition, a blank check company targeting the IoT space or adjacent spaces, raised $52 million by offering 5.2 million units at $10. The company offered 1.3 million fewer units than anticipated. Each unit consists of one share of common stock and one warrant, exercisable at $11.50. The company is led by CEO and Director Angel Orrantia, more

A growing list of SPACs plan to liquidate early to avoid a possible 1% excise tax in 2023


The recently-enacted Inflation Reduction Act introduced a 1% excise tax on stock buybacks beginning in 2023, and in the absence of guidance from the Treasury Department, it is unclear whether the tax applies to SPAC share redemptions. More and more SPACs are acting as if it will, more

US IPO Weekly Recap: Billion-dollar deal Corebridge completes 2022’s largest IPO to date


Six issuers began trading this past week, four of which will be included in our stats. The most notable debuts included Corebridge Financial (CRBG) and Third Harmonic Bio (THRD). The pipeline was also active, with seven IPOs and two SPACs submitting initial filings. AIG carve-out Corebridge priced at the low end to raise $ more