Just one small issuer and two blank checks went public this past week, though the calendar got a billion-dollar boost. Sandal maker Birkenstock (BIRK) launched its $1.5 billion IPO on Monday morning, which would be ...read more
Quetta Acquisition, a blank check company targeting the fintech sector in Asia, raised $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one-tenth of a right to receive one share upon the completion of an initial business combination. Quetta Acquisition is led by CEO and Chairman Hui Chen, who previously...read more
The IPO calendar was quiet this past week, but the pipeline got a boost from several large deals. UK-based chip designer Arm (ARM) and grocery delivery platform Instacart (CART) led the week’s news, filing for IPOs that we estimate could raise up to $6 billion and $1 billion, respectively. Arm is expected to headline the 2023 IPO market,...read more
Quetta Acquisition, a blank check company targeting the fintech sector in Asia, filed on Monday with the SEC to raise up to $60 million in an initial public offering. The New York, NY-based company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an...read more
US IPO Weekly Recap: Birkenstock launches its billion-dollar IPO as fall pipeline builds
Just one small issuer and two blank checks went public this past week, though the calendar got a billion-dollar boost. Sandal maker Birkenstock (BIRK) launched its $1.5 billion IPO on Monday morning, which would be ...read more
SPAC Quetta Acquisition prices $60 million IPO, targeting fintech in Asia
Quetta Acquisition, a blank check company targeting the fintech sector in Asia, raised $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one-tenth of a right to receive one share upon the completion of an initial business combination. Quetta Acquisition is led by CEO and Chairman Hui Chen, who previously...read more
US IPO Weekly Recap: September IPO roster gets a boost as Arm, Instacart, and other large filers join the pipeline
The IPO calendar was quiet this past week, but the pipeline got a boost from several large deals. UK-based chip designer Arm (ARM) and grocery delivery platform Instacart (CART) led the week’s news, filing for IPOs that we estimate could raise up to $6 billion and $1 billion, respectively. Arm is expected to headline the 2023 IPO market,...read more
SPAC Quetta Acquisition files for a $60 million IPO, targeting fintech in Asia
Quetta Acquisition, a blank check company targeting the fintech sector in Asia, filed on Monday with the SEC to raise up to $60 million in an initial public offering. The New York, NY-based company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an...read more