NEW YORK, Sept 5 (Bernama-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.
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.
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