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Crop productivity company Bioceres officially withdraws $130 million US IPO following SPAC merger

BIOX

Bioceres, which sells biologic agrochemicals and develops seed productivity traits in Argentina, officially withdrew its plans for an initial public offering on Friday following its merger with a publicly-traded blank check company.  Bioceres had originally set terms for an IPO in February 2018 that would have raised $130 million at a market cap of $497 million,...read more

Blank check for Latin America: Union Acquisition prices $100 million US IPO at $10

LTN.U

Union Acquisition, a blank check company focused on acquiring a Latin American business, raised $100 million by offering 10 million units at $10. The SPAC commands an IPO market value of $125 million. Each unit consists of one share of common stock, one right to receive one-tenth (1/10) of one ordinary share upon the initial business combination, and one warrant...read more

US IPO Week Ahead: 1 SPAC expected this week, and 9 IPOs to look for in March

LTN.U

With just one deal on the calendar for the week ahead, the annual February lull is coming to an end. After pushing back its IPO by a week, Latin America-focused SPAC Union Acquisition aims to raise $100 million at a $125 million valuation. ...read more

US IPO Weekly Recap: Volatility shakes IPO market as 6 deals price and most break issue

WHD

Market volatility was back this week, and IPOs either dropped out or dropped their valuations. Six companies in five different sectors raised a combined $992 million, along with one SPAC. Four of the six deals priced below the midpoint of the range, and five broke their issue price during early trading. Three companies formally postponed their IPOs and two more pushed back their...read more