SPAC

A special purpose acquisition company, also known as a "blank check company" is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional initial public offering process.

Source: en.wikipedia.org

US IPOs Reach Record $171 Billion Total In Just Over 5 Months
US IPOs Reach Record $171 Billion Total In Just Over 5 Months
June 15, 2021  |  IPO

In fewer than six months, there has been a new record hit for U.S. initial public offerings (IPOs), U.S. News reported. There are still six...

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IPO/SPAC Listing Activity Picks Up As Marqeta Debuts
IPO/SPAC Listing Activity Picks Up As Marqeta Debuts
June 11, 2021  |  IPO

The pace of SPAC/IPO listings picked up a bit this past week, capped, one might say, by Marqeta’s debut on the NASDAQ exchange on Wednesday...

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Grab’s $40 Billion SPAC IPO Postponed Until Later This Year
Grab’s $40 Billion SPAC IPO Postponed Until Later This Year
June 09, 2021  |  IPO

Singapore-headquartered super app Grab is postponing its $40 billion initial public offering (IPO) via a merger with the special-purpose acquisition company (SPAC) Altimeter Growth Corp...

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Banks Compete To Meet Rising Demands Of Younger Consumers
Banks Compete To Meet Rising Demands Of Younger Consumers
June 07, 2021  |  Banking

Another day, another entrant to the public markets by a challenger bank, made possible by a special-purpose acquisition company (SPAC) merger. On Monday (June 7),...

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FinTech Dave Going Public Via SPAC At $4 Billion Equity Value
FinTech Dave Going Public Via SPAC At $4 Billion Equity Value
June 07, 2021  |  IPO

Challenger bank startup Dave is partnering with special-purpose acquisition company (SPAC) VPC Impact Acquisition Holdings III (VPCC), sponsored by Victory Park Capital (VPC), with an...

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M&A Deals Hit Record Levels; SPACs Aid Surge
M&A Deals Hit Record Levels; SPACs Aid Surge
June 04, 2021  |  Partnerships

Global mergers and acquisitions (M&As) have set record amounts for three months in a row, the latest being May. Reuters reported on Friday (June 4)...

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Today In Payments: EU Advances Plans For Digital Wallet; Circle Finalizes $440M Financing
Today In Payments: EU Advances Plans For Digital Wallet; Circle Finalizes $440M Financing
June 01, 2021  |  News

In today’s top news, the European Union (EU) is planning to announce an EU-wide digital wallet, and Circle has raised $40 million. Plus, U.S. officials...

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Consumer Savings App Acorns To Go Public Via SPAC At $2.2B Valuation
Consumer Savings App Acorns To Go Public Via SPAC At $2.2B Valuation
May 27, 2021  |  IPO

Acorns Grow Inc., which offers a savings and investing app, is poised to go public by combining with Pioneer Merger Corp, a special-purpose acquisition company...

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SEC OKs Nasdaq Proposal To Allow IPO Alternative
SEC OKs Nasdaq Proposal To Allow IPO Alternative
May 23, 2021  |  IPO

The Nasdaq exchange is permitted to host direct listings of companies going public without involving investment banks under a new ruling by the Securities and...

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