AGBAU News

After the busiest week of the year in the prior week, May 2019 continued to be active this past week with five IPOs and one SPAC offering. Three came to market with valuations of more than $1 billion, including fast-growing unicorns Luckin Coffee and Fastly, and Avantor, the largest IPO of an LBO'd company since 2011. Avantor (AVTR), an LBO'd...read more

AGBA Acquisition, a blank check company targeting the services sector in China, raised $40 million by offering 4 million units at $10, where it commands a market value of $52 million.  The units consist of one share of common stock, one warrant, and one right to receive an ordinary share upon the consumption of the business combination. Two warrants are needed to to...read more

Seven IPOs are set to raise $4.85 billion in the week ahead, along with one blank check company. In addition to two REITs, a biotech, a small software maker, and a chemicals distributor, the line-up includes two high-growth unicorns: China-based coffee retailer Luckin Coffee (LK) and San Francisco-based website speed platform Fastly (FSLY). ...read more

Last week, 12 companies submitted new IPO filings, the most active week since May 2018. Two more filings hit on Monday. Monthly filings currently stands at 20, the same as the full month of April 2018. Excluding the eight deals on ...read more