Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Apollo heads to Amsterdam while Abu Dhabi’s Mubadala prepares to launch two SPACs
Apollo Plans Its First European SPAC IPO in Amsterdam
Apollo Global Management Inc. is planning to list a blank-check company in Amsterdam that could raise about 400 million euros ($473 million) for acquisitions.
The private equity firm is working with STJ Advisors LLP on the listing, which could take place in the coming months, according to Bloomberg. Credit Suisse Group AG and JPMorgan Chase & Co. are leading the IPO.
READAbu Dhabi Sovereign Fund Mubadala Prepares to Launch Two SPACs
Investor mania for SPACs has accelerated in the oil-rich Gulf, where Abu Dhabi sovereign fund Mubadala is poised to launch two SPACs and a Dubai-based asset manager is raising $200m to target mergers with companies in the Middle East.
Mubadala Investment Company has been talking to potential investors for two SPACs focusing on technology and healthcare, said the Financial Times. The roadshow comes as Mubadala, which had record profits and growth through 2020, reorients its core areas of investment away from petrochemicals and manufacturing towards new industries, such as technology, healthcare and infrastructure.
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Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...