IVCAU News

Three IPOs raised $330 million this past week, led by energy play ProFrac Holding (PFHC), which delayed its pricing by a day. The fracking services provider was joined by a bank and an IoT networking solutions micro-cap, as well as four SPACs. ProFrac priced well below the range to raise $288 million at a $2.5 billion market cap. Operating in the ...read more

Investcorp India Acquisition, a blank check company formed by Investcorp Group targeting businesses in India, raised $225 million by offering 22.5 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. The company is led by Principal Executive Officer and Director Nikhil Kalghatgi, who...read more

Investcorp India Acquisition, a blank check company formed by Investcorp Group targeting businesses in India, lowered the proposed deal size for its upcoming IPO on Thursday. The Cayman Islands-based company now plans to raise $225 million by offering 22.5 million units at $10. The company originally filed in June 2021 to offer 25 million units at the same price. At the revised...read more

The IPO market was in full swing this past week as 16 IPOs and six SPACs went public. The IPO pipeline cooled down with just one IPO and nine SPACs submitting initial filings. The largest deal of the week, Lyell Immunopharma (LYEL) priced at the midpoint to raise $425 million at a $4.7 billion market cap. The company is using proprietary genetic and...read more