PIC.U News

The post-Independence Day week was slow, but things are looking up: the public market is gaining steam with the Renaissance IPO Index up 40% YTD, and companies are claiming their spots on the IPO calendar. Three SPACs entered the public market this week, four companies and one SPAC submitted initial filings, and 12 companies set terms. Pivotal Investment Corp II (PIC.U), a...read more

Pivotal Investment Corp II, a blank check company led by acquisition veteran Jonathan Ledecky targeting a high-growth business, raised $200 million by offering 20 million shares at $10. Each unit consists of one share of common stock and one-third of one warrant to purchase a share of common stock at $11.50 per share. Pivotal Investment Corp II plans to list on the NYSE...read more

Just two blank check companies are scheduled to price in the week ahead, following the July 4th holiday. We also expect a number of new launches in the coming week. Likely candidates include healthcare software provider Phreesia (PHR), customer feedback platform Medallia (MDLA), and rare disease biotechs ...read more

Pivotal Investment Corporation II, a blank check company founded by acquisition veteran Jonathan Ledecky, filed on Friday with the SEC to raise up to $200 million in an initial public offering. The New York,NY-based company plans to raise $200 million by offering 20 million units at a price of $10. At $10, Pivotal Investment II would command a market value of $250 million. Each...read more