GPATU News

Four IPOs and one SPAC debuted this past week. Two IPOs and one SPAC submitted initial filings. Chinese premium EV brand ZEEKR (ZK) priced its upsized IPO at the top of the range to raise $441 million at a $5.2 billion market cap. Originally part of Chinese auto giant Geely Auto, ZEEKR’s product portfolio includes two cross-over hatchback models, a luxury...read more

GP-Act III Acquisition, a blank check company backed by GP Investments, Boxcar Partners, and a former Hain Celestial exec, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one half of a warrant, exercisable at $11.50. The company is led by CEO and Director Antonio Bonchristiano, who is the CEO of...read more

Five IPOs raised $858 million this past week, led by fast-growing digital coupon platform Ibotta (IBTA) and utility infrastructure services carve-out Centuri Holdings (CTRI). Both deals managed to price above the midpoint and notch double-digit returns, even as the broader IPO Index plunged 6.9% this week, alongside a 5.5% drop in the Nasdaq....read more

GP-Act III Acquisition, a blank check company backed by GP Investments, Boxcar Partners, and a former Hain Celestial exec, filed on Friday with the SEC to raise up to $250 million in an initial public offering. The New York, NY-based company plans to raise $200 million by offering 25 million units at $10. Each unit consists of one share of common stock and one half of a warrant,...read more