SAI News

TradeUP Global Corp, a blank check company led by the founder of Zhencheng Capital, raised $40 million by offering 4.0 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. The New York, NY-based company is led by Co-CEO and Chairman Jianwei Li, the founder and Managing Partner of Zhencheng Capital,...read more

TradeUP Global Corp, the second blank check company led by the founder of Zhencheng Capital, filed on Thursday with the SEC to raise up to $40 million in an initial public offering. The New York, NY-based company plans to raise $40 million by offering 4 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the...read more

SAIC Inc., a provider of scientific, engineering, systems integration and technical services to over 500 U.S. federal, state and local government agencies, priced its offering of 75 million shares $15, the high end of its $13-$15 range. Morgan Stanley and Bear Stearns acted as joint book-running managers for this IPO. The stock is expected to commence trading on the NYSE under the...read more

SAIC Inc., a provider of engineering, systems integration and technical services to government agencies and commercial markets, plans to offer 75 million shares at a range of $13 to $15. Assuming the stock prices at the midpoint, the company will have an initial market capitalization of $5.6 billion. Morgan Stanley and Bear Stearns head the list of underwriters on the deal. ...read more