LITTU News

10 IPOs and nine SPACs went public this past week as the IPO market continues to heat up heading into summer. The IPO pipeline stayed active as well, with 12 IPOs and seven SPACs submitting initial filings. Payment card platform Marqeta (MQ) priced above the range to raise $1.2 billion at a $15.4 billion market cap. Marqeta provides an open API platform for...read more

Logistics Innovation Technologies, a blank check company led by a former UPS executive targeting the logistics industry, raised $300 million by offering 30 million units at $10. The company offered 5 million fewer units than anticipated. It originally planned to offer 40 million units before lowering the deal size in April. Each unit consists of one share of common stock and...read more

Logistics Innovation Technologies, a blank check company led by a former UPS executive targeting the logistics industry, lowered the proposed deal size for its upcoming IPO on Thursday. The Atlanta, GA-based company now plans to raise $350 million by offering 35 million units at $10. The company had previously filed to offer 40 million units at the same price. Each unit still...read more

Logistics Innovation Technologies, a blank check company led by a former UPS executive targeting the logistics industry, filed on Friday with the SEC to raise up to $400 million in an initial public offering. The Atlanta, GA-based company plans to raise $400 million by offering 40 million units at $10. Each unit consists of one share of common stock and one-third of a warrant,...read more