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Blank check investors grow more selective amid SPAC boom

CTACU

2020’s SPAC mania is showing signs of fatigue. A record-shattering 168 blank check IPOs have raised $57 billion this year, more proceeds than the past 10 years combined. Another 64 SPACs are on file.  Yet in the past month, 14 SPACs have priced downsized...read more

US IPO Weekly Recap: McAfee leads a 5 IPO week

MCFE

Five IPOs and 17 SPACs went public this past week. While new filing activity has slowed as the election approaches, four IPOs and four SPACs submitted initial filings. Leading security software provider McAfee (MCFE) priced slightly below the midpoint to raise $740 million at a $9.4 billion market cap. Taken private by Intel in 2011, McAfee provides...read more

Fintech SPAC Lefteris Acquisition prices downsized $200 million IPO at $10

Lefteris Acquisition, a blank check company formed by co-founder of Vestigo Ventures and a former E*TRADE executive targeting fintech, raised $200 million by offering 20 million units at $10. The company offered 2.5 million fewer units than anticipated. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The company is led...read more

Fintech SPAC Lefteris Acquisition files for a $225 million IPO

Lefteris Acquisition, a blank check company formed by co-founder of Vestigo Ventures and a former E*TRADE executive targeting fintech, filed on Friday with the SEC to raise up to $225 million in an initial public offering. The Boston, MA-based company plans to raise $225 million by offering 22.5 million units at $10. Each unit consists of one share of common stock and one-third...read more

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