Four companies raised a combined $1.2 billion in the first active week of 2018. Fracking services provider Liberty Oilfield Services upsized its offering and traded up 28%, the best first day pop for an energy IPO since 2014. On the other hand, Industrial REIT Industrial Logistics Properties Trust priced its $480 million IPO well...read more
Platinum Eagle Acquisition, the fourth blank check company formed by entertainment veteran Jeff Sagansky, raised $300 million by offering 30 million units at $10, as expected. Platinum Eagle Acquisition plans to list on the Nasdaq under the symbol EAGLU. Deutsche Bank and BofA Merrill Lynch acted as lead managers on the deal....read more
Platinum Eagle Acquisition, a blank check company formed to acquire a media or entertainment business, announced terms for its IPO on Friday. The Los Angeles, CA-based company plans to raise $300 million by offering 30 million units at a price of $10. At that price, Platinum Eagle Acquisition would command a market value of $375 million. Platinum Eagle Acquisition was...read more
Double Eagle Acquisition, a blank check company formed to acquire media or entertainment businesses, raised $480 million by offering 48 million units at $10. It commands a market cap of $580 million. The blank check company could raise additional capital through the underwriter overallotment. Double Eagle Acquisitions had originally set terms to raise $400 million by offering 40...read more
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US IPO Weekly Recap: Energy heats up in the first 4 IPOs of 2018
Four companies raised a combined $1.2 billion in the first active week of 2018. Fracking services provider Liberty Oilfield Services upsized its offering and traded up 28%, the best first day pop for an energy IPO since 2014. On the other hand, Industrial REIT Industrial Logistics Properties Trust priced its $480 million IPO well...read more
Entertainment SPAC Platinum Eagle Acquisition prices $300 million IPO at $10
Platinum Eagle Acquisition, the fourth blank check company formed by entertainment veteran Jeff Sagansky, raised $300 million by offering 30 million units at $10, as expected. Platinum Eagle Acquisition plans to list on the Nasdaq under the symbol EAGLU. Deutsche Bank and BofA Merrill Lynch acted as lead managers on the deal....read more
Media SPAC Platinum Eagle Acquisition files for $300 million IPO
Platinum Eagle Acquisition, a blank check company formed to acquire a media or entertainment business, announced terms for its IPO on Friday. The Los Angeles, CA-based company plans to raise $300 million by offering 30 million units at a price of $10. At that price, Platinum Eagle Acquisition would command a market value of $375 million. Platinum Eagle Acquisition was...read more
Blank check company Double Eagle Acquisition prices IPO at $10
Double Eagle Acquisition, a blank check company formed to acquire media or entertainment businesses, raised $480 million by offering 48 million units at $10. It commands a market cap of $580 million. The blank check company could raise additional capital through the underwriter overallotment. Double Eagle Acquisitions had originally set terms to raise $400 million by offering 40...read more