As the end of the final quarter of 2019 approaches, more and more acquisition groups are entering public markets. These firms work as blank check companies whose purpose is to merge or acquire a company from the proceeds of the initial public offering. They can vary range of intention from pharmaceuticals to technology and other sectors in between.
Recently Priced:
GreenVision Acquisition Corp. (NASDAQ: GRNVU) listed on November 19 with 5 million available shares priced at $10 per share. The Chinese blank check company had a public trading offer of $50 million. The stock opened slightly above its initial share price until its close on November 22.
Amplitude Healthcare Acquisition Corp. (NASDAQ: AMHCU) debuted to U.S. markets on November 20 with 13 million shares priced at $10 per share. The blank check company had an offering amount of $100 million. The stock opened below its initial pricing on its first trading day and continued to decline until its November 22 close.
Software Acquisition Group Inc. (NASDAQ: SAQNU) also launched on November 20 with 13 million shares priced at $10 per share. The blank check company had an offering amount of $130 million. The stock has faired better in its first week of trading, with share prices steadily increasing as it enters its fourth day of trading.
Canaan Inc. (NASDAQ: CAN) started on November 21 on the global Nasdaq with 10 million shares priced at $9 per share. The cryptocurrency mining company had raised an offering amount of $90 million. The stock has yet to trade well, with its share prices declining over -11% in its third day of trading.
SiTime Corp. (NASDAQ: SITM) also debuted on November 21 with 4.3 million shares pricing at $13 per share. The producer of silicon timing systems raised an offering amount of $55.9 million. In its first day of trading, the stock increase 44%, but is currently in the decline with share prices around $17 as it continues into its first week of trading.
Alpine Income Property Trust Inc. (NYSE: PINE) started trading on November 22 with 7.5 million shares prices at $19 each. The newly organized real estate company had an offering amount of $142.5 million. The stock is trading below its debut in current market trading, with share prices dipping around $18.5.
CHP Merger Corp. (NASDAQ: CHPMU) also joined public markets on November 22 with 27.5 million shares priced at $10 per share. The blank check company had an offering amount of $275 million. The stock has traded slightly above its initial pricing in its first few days in public markets, with the share price currently slightly above $10.
PropTech Acquisition Corp. (NASDAQ: PTACU) entered the market on November 22 with 15 million shares priced at $10 per share. The blank check company had an offering of $150 million. The stock initially traded a few cents above its share price, but has begun to decline in current trading though shares are still pricing ahead of $10.
Upcoming:
Alussa Energy Acquisition Corp. is slated to enter the New York Stock Exchange on November 26 with an offer amount of $278,750,000. The blank check company currently is offering 22.5 million shares with pricing estimated to be $10 per share.
Recent Filings:
Excellerant Inc. filed on November 20 with $100,000 in trade offering.
Liv Capital Acquisition Corp. also put in paperwork on November 20 with an offering amount of $69 million.
Genetron Holdings LTD. filed on November 21 with an offering of $100 million.
Zhongchao Inc. also filed for IPO on November 21 with an offering of $15 million.
Withdrawn:
Exeter Finance Corp, who filed early in 2019, withdrew its IPO on November 22.
YX Asset Recovery LTD, who filed back in October, also withdrew on November 22.