It was a light week for pricings as we gear up for the much anticipated group of companies slated to IPO starting next week. The one IPO of the week, Trine Acquisition (TRNE.U), a media and communications SPAC led by Leo Hindery raised $261 milllion in an upsized IPO on Thursday. That brings this year's total to 13 SPACs, which have raised $2.9 billion,...read more
Trine Acquisition, a SPAC led by Leo Hindery targeting the media and communications industries, raised $261 million by offering 26.1 million units at $10. The company originally planned to raise $250 million. Each unit consists of one share of common stock and one-half of one redeemable warrant, whole warrants exercisable at $11.50 per share. Trine Acquisition plans to list on...read more
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US IPO Weekly Recap: The calm before the IPO storm
It was a light week for pricings as we gear up for the much anticipated group of companies slated to IPO starting next week. The one IPO of the week, Trine Acquisition (TRNE.U), a media and communications SPAC led by Leo Hindery raised $261 milllion in an upsized IPO on Thursday. That brings this year's total to 13 SPACs, which have raised $2.9 billion,...read more
Leo Hindery's media SPAC Trine Acquisition prices upsized $261 million IPO at $10
Trine Acquisition, a SPAC led by Leo Hindery targeting the media and communications industries, raised $261 million by offering 26.1 million units at $10. The company originally planned to raise $250 million. Each unit consists of one share of common stock and one-half of one redeemable warrant, whole warrants exercisable at $11.50 per share. Trine Acquisition plans to list on...read more