JWSM.U News

2021 is shaping up to be the “Year of the SPAC.” So far this year, 176 SPACs have raised $49.5 billion, a huge leap from the 10 that raised $2.6 billion by this time last year. SPACs are outpacing traditional IPOs at a rate of three-to-one, and averaging 3.1 deals per day. At that rate, blank check IPOs would surpass 2020’s total by the end of the 1Q, and...read more

The IPO market had its busiest week yet this year with 14 IPOs raising $3.9 billion and 27 SPACs raising $9.2 billion. The IPO pipeline remained active as well, with 3 IPOs and 38 SPACs submitting initial filings. TELUS International (TIXT) upsized and priced at the high end to raise $925 million at a $6.6 billion market cap. The company provides outsourced...read more

Jaws Mustang Acquisition, the third blank check company led by Starwood Capital founder Barry Sternlicht, raised $900 million by offering 90 million units at $10. The company offered 15 million more units than anticipated. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. The company is led by ...read more

Jaws Mustang Acquisition, the third blank check company led by Starwood Capital founder Barry Sternlicht, filed on Friday with the SEC to raise up to $750 million in an initial public offering. The Miami Beach, FL-based company plans to raise $750 million by offering 75 million units at $10. Each unit consists of one share of common stock and one-fourth of a warrant,...read more