Nasdaq Successfully Lists 90 SPAC IPOs, raising a total of $15.3B
NEW YORK, Aug. 30, 2017 (GLOBE NEWSWIRE) -- Nasdaq extends market leadership in Special Purpose Acquisition Companies (SPACs) initial public offerings (IPOs) with 90 SPAC IPOs. Since the adoption of new listing rules in 2011, Nasdaq has consistently been the exchange of choice for SPACs, attracting 96% of all SPAC IPOs listing on a national exchange.
Thus far in 2017, Nasdaq has welcomed 18 SPAC IPOs, which eclipses the 13 SPAC IPOs that took place in 2016. The average proceeds raised amongst those deals in 2017 has been $254M, which would represent the largest annual average deal size on record. Top listings for 2017 include Silver Run Acquisition II (SRUN) / $900M, Vantage Energy Acquisition (VEAC) / $480M, Federal Street Acquisition (FSAC) / $400M, Gores Holdings II (GRSH) / $375M and Kayne Anderson Acquisition (KAAC) / $350M.
"Investors' ability to create innovative investment vehicles like SPACs spurs economic growth and brings more attention to the US capital markets," said Nelson Griggs, President of the Nasdaq Stock Exchange. "SPACs afford private companies a unique way to access growth capital in the public markets. Nasdaq is proud to support SPACs and their advisors as they continue to evolve the public investing landscape."
In addition to a busy IPO market, the past year has seen several of the most high-profile business combinations in the history of SPACs. Notable companies entering the public markets through mergers with SPACs, each of which chose to list on Nasdaq, include oil and gas producer Centennial Resource Development (CDEV), sweet good manufacturer and marketer Hostess Brands (TWNK), luxury resort operator Playa Hotels & Resorts (PLYA), healthy food producer Simply Good Foods (SMPL), enterprise information management company Exela Technologies (XELA) and global LNG developer NextDecade (NEXT).
Nasdaq is proud to add this diverse group of companies to the family on industry leading companies that call Nasdaq home.
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: http://business.nasdaq.com
Media Relations Contacts:
Information om Globenewswire
Følg pressemeddelelser fra Globenewswire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Globenewswire
Crown Bioscience Inc.19.7.2018 15:05 | pressemeddelelse
CrownBio Supports Excellence in Translational Research with Grant Award that Funds Innovative PDX Model Development in Immuno-Oncology
ForgeRock, Inc.19.7.2018 10:03 | pressemeddelelse
ForgeRock Opens Up Open Banking
David Crosby18.7.2018 18:06 | pressemeddelelse
David Crosby Announces Intent to License His Name to the Cannabis Industry
Seaborn Networks18.7.2018 17:02 | pressemeddelelse
Telecom Argentina's landing station and backhaul are selected for ARBR submarine cable system between Argentina & Brazil
Mitratech18.7.2018 15:04 | pressemeddelelse
Salim Ismail Announced as Keynote Speaker at Mitratech's Interact 2018 Conference
Taconic Biosciences18.7.2018 14:03 | pressemeddelelse
Taconic Biosciences and Cyagen Biosciences Announce Strategic Partnership
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum