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Securities and Exchange Commission (the “SEC”) adopted new final rules relating to special purpose acquisition companies (“SPACs”). The new rules affect both initialpublicofferings (“IPOs”) for SPACs and so-called “de-SPAC” transactions involving target companies who enter into a business combination with SPACs.
Last week, the SEC announced settled enforcement proceedings against Cantor Fitzgerald for its alleged role in causing two SPACs that it controlled to make misleading statements to investors about the status of their discussions with potential acquisition targets ahead of their initialpublicofferings (IPOs).
On January 24, 2024, the Securities and Exchange Commission (“SEC”) adopted final rules (the “Final Rules”) to enhance disclosure and investor protection in initialpublicofferings (“IPOs”) by special purpose acquisition companies (“SPACs”) and in business combination transactions involving shell companies, such as SPACs, and private operating companies (..)
As they go through their initialpublicoffering (IPO) and the subsequent merger & acquisition (M&A) process, special purpose acquisition companies (SPACs) face many regulatory, legal, and business hurdles.
There have been 44 initialpublicofferings (IPOs) listed on the US stock markets in 2024 thus far, many of which continue to trade at a premium to their initialoffering price, demonstrating the strength and buoyancy of current public markets.
2023 was a challenging year for mergers and acquisitions (M&A). Overall, in 2023, initialpublicoffering (IPO) activity and. Whilst M&A in the Europe, Middle East and Africa region (EMEA) remained resilient in the first half of 2023, deal activity fell in the second half of the year.
Nearly two years after first proposing new rules related to special purpose acquisition companies (SPACs), the U.S. Securities and Exchange Commission (SEC) has adopted final rules aimed at enhancing investor protections in initialpublicofferings by SPACs and in subsequent de-SPAC transactions.
Securities and Exchange Commission (the “SEC”) adopted new rules and guidance affecting initialpublicofferings (“IPOs”) of special purpose acquisition companies (“SPACs”) and business combinations between SPACs and private company targets (“de-SPAC transactions”). On January 24, 2024, the U.S.
As they go through their initialpublicoffering (IPO) and the subsequent merger & acquisition (M&A) process, special purpose acquisition companies (SPACs) face many regulatory, legal, and business hurdles.
Securities and Exchange Commission (SEC) adopted final rules (the “Final Rules”) related to special purpose acquisition companies (SPACs) and de-SPAC transactions.[1]
The deal, Grab’s first local competitor acquisition, is expected to close in the fourth quarter of 2023 and includes “Trans-cab’s taxi and car rental business, maintenance workshops and fuel pump operations.” ” Founded in 2003, Trans-cab started with a fleet of 50 taxis and tried to go public twice.
Initialpublicofferings (IPOs) and M&A exits are the two most common means of achieving liquidity in a private company. This article addresses an acquisition transaction, which requires preparation and oversight that many founders and managers need to learn as they go.
Securities and Exchange Commission (“SEC”) adopted new rules governing initialpublicofferings (“IPOs”) of special purpose acquisition companies (“SPACs”) and subsequent combinations between SPACs and target operating companies (“de-SPAC transactions”). On January 24, 2024, the U.S.
Sidus Space is taking another step toward full vertical integration with the acquisition of California-based Exo-Space , a startup that offers edge computing on orbit. The remainder of the acquisition is being paid via stock options and performance incentives, Sidus said in a statement. million in additional capital.
British tech firm valued at $52.3bn before highly anticipated flotation on Nasdaq by private owner SoftBank The British chip designer Arm has secured a $52.3bn (£41.9bn) valuation in its initialpublicoffering (IPO), before its highly anticipated return to the stock market in New York on Thursday.
With the US initialpublicoffering markets continuing to remain largely closed, and special purpose acquisition company combinations being costly and complex, there’s a new kid in town for foreign companies looking to go public in the US: reverse mergers. Some reverse mergers involving a U.S.
In a significant move to capitalize on the burgeoning Special Purpose Acquisition Company (SPAC) market, MergersCorp has announced the launch of specialized services tailored specifically for SPACs. This innovative approach has attracted substantial interest from investors, entrepreneurially minded companies, and financial institutions alike.
In the dynamic world of mergers and acquisitions (M&A), staying ahead of the curve is crucial for success. As a result, ESG criteria are being integrated into due diligence processes, investment evaluations, and post-merger integration strategies.
The rise of founder-led, venture capital-backed companies in recent years has coincided with a surge of companies implementing dual-class share structures in connection with their initialpublicofferings.
Investment banking is a branch of banking that organizes and enables large, complex financial transactions for businesses, like mergers, IPOs or underwriting. Investment Banking Services InitialPublicOffering (IPO) When a privately-owned business wants to become a publicly traded company, it goes through an IPO , or InitialPublicOffering.
Underwriting Services Merchant banks also provide underwriting services for initialpublicofferings (IPOs), private placements, follow-on publicofferings (FPOs) and rights issues. This service helps companies to raise the required funds from the public.
Few companies divest units immediately following an acquisition (unless they are compelled to do so by antitrust regulators), but many companies divest them eventually. In any given year, nearly half of the acquisitions that occur come about because the sellers are divesting a company unit. Sometimes spin-offs precede mergers.
Next year’s biggest headwinds for deal making will be “geopolitics, geopolitics and geopolitics,” says Viswas Raghavan, the co-head of global investment banking at JPMorgan Chase.
For example, in the biopharma space, AbbVie, Bristol Myers Squibb, AstraZeneca, and Roche each announced multiple big-ticket acquisitions in the fourth quarter – including Abbvie’s acquisition of ImmunoGen for $10.1 billion; Bristol Myer Squibb’s acquisition of RayzeBio for $4.1 billion and Cerevel Therapeutics for $8.7
While the ruling has broad implications for many current arrangements (particularly stockholder agreements for public companies), it did provide a path forward, noting that many of these provisions would have been valid if included the corporation’s certificate of incorporation instead of the stockholder agreement.
We see examples of this in management buyouts, initialpublicofferings (IPOs), and strategic mergers and acquisitions (M&A). The post Why Sell Your Business appeared first on Sun Acquisitions | Chicago Business Broker and M&A Firm.
I still recall the metric that was drilled into me back then: hit $50 million in revenue and a few back-to-back years of profitability and you, too, can go public. The benefits of going public are significant. For more information, contact him at michael.mcgregor@focusbankers.com.
When Facebook went public in 2012, it needed an investment bank to handle the InitialPublicOffering (IPO). Marketing and Customer Acquisition To stay competitive and attract new customers, banks spend considerably on marketing, advertisements, and promotional offers.
The rise of founder-led, venture capital-backed companies in recent years has coincided with a surge of companies implementing dual-class share structures in connection with their initialpublicofferings. Stockholder litigation. As always, ambiguity begets litigation.
But it wasn’t all carve outs and concerned investors – even with the headwinds in the industry and beyond, there were still several traditional public M&A deals involving biotechnology or medical device companies, as large pharmaceutical companies continued to have cash to deploy for acquisitions. Let’s dig in.
The year started off with a bang, with mega-deals such as Microsoft’s pending $69 billion acquisition of Activision Blizzard, Elon Musk’s $44 billion acquisition of Twitter and Broadcom’s pending $61 billion acquisition of VMware inked in quick succession. Tech M&A in 2022 was a tale of two halves.
billion acquisition of Alpine Immune; by contrast, there were eight US biotech acquisitions exceeding $5 billion in 2023. 2024 saw companies focusing on internal research and development, innovative partnerships, and targeted bolt-on asset acquisitions to bolster their pipelines. from 2023. [1]
The New York Times: Mergers, Acquisitions and Dive
APRIL 3, 2024
Michael and Gerald Shvartsman, who had originally pleaded not guilty to securities fraud charges, each pleaded guilty to one count of securities fraud.
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