Jump World intends to sell between 1 million and 2 million shares of Class A stock at a price of $7.00 per share to raise up to $14.0 million in gross proceeds from a âbest effortsâ IPO. LightJump Acquisition plans to trade its stock on the Nasdaq under the ticker symbol “LJAQU.” EarlyBirdCapital is the only book runner on the deal. LightJump Acquisition Corporation (LJAQU) Plans to Raise $100 Million in January 11th IPO - Enterprise Leader. The company will be issuing 10,000,000 shares at a price of $10.00 per share. Blank check company formed by private equity exec Robert Bennett targeting the tech sector. Latest Trade:
LightJump Acquisition Corporation announced the pricing of its upsized $120 million IPO today and its units are expected to begin trading on the Nasdaq under the symbol âLJAQUâ Friday, ⦠Blank check investment firm's SPAC LightJump Acquisition prices upsized $120 million IPO. N/A. Market Realist is a registered trademark. LightJump Acquisition Corporation (LJAQU) plans to raise $100 million in an initial public offering (IPO) on the week of January 11th, IPO Scoop reports. The company disclosed enough information for investors to know about its IPO plan. We may pursue a business combination opportunity in any business or industry we choose although we currently intend to focus on businesses that directly or indirectly offer specific technology solutions or broader technology software and services. LightJump Acquisition Corporation. The company will issue 10,000,000 shares at a price of $10.00 per share. Affirm had its initial public offering (IPO) in January 2021, and shares soared nearly 100% in the first day of trading, reports CNBC. TPB Acquisition, a blank check company formed by venture foundry The Production Board targeting sustainable businesses in food and bio, filed on Friday with the SEC for an initial public offering. Menlo Park, CA. All Rights Reserved. When is the LightJump Acquisition SPAC IPO date? Recent Posts. Blank check investment firm's SPAC LightJump Acquisition prices upsized $120 million IPO. William W. Bunker, our Vice-Chairman and Chief Financial Officer, co-founded the largest dating site of the 1990s, which became Match.com and was ultimately sold for $47.5 million to Ticketmaster in 1999. LightJump Acquisition, which is a new SPAC, filed for a $100 million IPO on December 18, 2020. Public Potential In 2020, several notable fitness companies were either planning to or rumored to be going public, such as F45 and Xponential. Any yet SPACs are already creating more action on the IPO front next week. Blank check investment firm's SPAC LightJump Acquisition files for a $100 million IPO Contributor Renaissance Capital Renaissance Capital LightJump Acquisition Corporation (LJAQU) is planning to raise $100 million in an initial public offering (IPO) on Wednesday, January 6th, IPO Scoop reports. LightJump Acquisition Corporation (LJAQU) to Raise $100 Million in IPO. LightJump Acquisition, which is a new SPAC, filed for a $100 million IPO on December 18, 2020. At the proposed price, the startup would command a market capitalization of about $126 million. Light Jump Acquisition Corp (NASDAQ: LJAQU) is set to price Monday or Tuesday in a $100 million offering led by EarlyBirdCapital, Inc. Volatility Hits Sizzling SPAC Market: Report. Peter joined Jump Capital in 2013 as its first employee, and leads Jumpâs investments in the FinTech, InsurTech, and Crypto / Blockchain sectors. The company will issue 10,000,000 shares at a price of $10.00 per share. LightJump Acquisition Corporation (LJAQU) plans to raise $100 million in an IPO on the week of January 11th, IPO Scoop reports. This means that individual investors looking to jump in after the IPO will typically have to pay a higher price than the investors that took part in the initial public offering. In January 2004, Google announced the hiring of Morgan Stanley and Goldman Sachs Group to arrange an IPO. Posted by Stanley Muller on Dec 29th, 2020. EarlyBirdCapital, Inc. acted as the underwriter for the IPO. The amount of LightJumpâs planned raise remains unchanged from the initial registration filed earlier this month. Phone. EarlyBirdCapital, Inc. served as the underwriter for the IPO. StreetInsider.com Top Tickers, 3/2/2021 According to IPOScoop, LightJump Acquisition was formed “to initially focus on technology and technology enabled businesses that directly or indirectly offer specific technology solutions or broader technology software and services.” The fair market value of the target company should be nearly 80 percent of the SPAC's trust assets. while the IPO date hasn't been set yet, the public listing could happen as soon as this week. The San Francisco, CA-based company plans to raise $250 million by offering 25 million units at a price of $10, where it would command ⦠LightJump Acquisition plans to raise up to $100 million in an IPO. Offers may be subject to change without notice. when they were newly public. The blank-check company has no existing commercial operations and is formed specifically to raise funds through an IPO for the sole purpose of acquiring an existing company. LightJump Acquisition Corporation has a market-cap of $126 million. Prior to joining Jump, Peter was an investment banker with Morgan Stanley where he managed M&A and corporate finance transactions for companies in the financial ⦠Authorized version by Jana Alayra. It's designed as an alternate way to take companies to go public instead of the traditional IPO process. 0.00
(0.0%). Explore our IPO Center to track upcoming deals, analyze performance and read IPO news and expert commentary. Blank check company formed by private equity exec Robert Bennett targeting the tech sector. SoftBank-Backed Grab Weighs U.S. IPO Through SPAC Merger: Report. December 18, 2020. Blank check investment firm's SPAC LightJump Acquisition files for a $100 million IPO. The SPAC has said it initially plans to focus on technology and technology enabled businesses that directly or indirectly offer specific technology solutions or broader ⦠Important Disclosures
N/A. Currently, they also operate LightJump Capital, which is a newly-created SPAC investment firm. © 2021 Renaissance Capital LLC. Letâs suppose youâre a forward-thinking investor who has just projected the likely trading pattern with ⦠The deal never materialized. City/State. ATAIâs Spring 2021 IPO is driving MindMed trading today Why should investors connect a sudden jump in MindMed stock (on very heavy volume) with excitement over the upcoming ATAI Life Sciences IPO? Our management team is led by Robert M. Bennett, our Chairman and Chief Executive Officer, who has over 30 years of private equity experience in technology, media and manufacturing businesses. SPACs are required to identify a target and complete the acquisition within 18 to 24 months of going public. Eric Ver Ploeg, our President, has over 20 years of Silicon Valley high-tech startup and investment experience. The SPAC will be led by CEO and Chairman Robert Bennett, CFO and Vice Chairman William Bunker, President Eric Ver Ploeg, and VP of Acquisitions Patrick Brandt. All rights reserved. Industry: SPAC. Zymergen: Synthetic Biology Company Is Going Public Soon, Coursera IPO Stock Is Richly Valued, Investors Should Wait to Buy, Design Therapeutics (DSGN) IPO Is Coming Soon, Stock Looks Expensive, Compass Is One Step Closer to IPO, Stock Still Looks Promising. Jan 8, 2021 INTEL by Nicholas Alan Clayton LightJump Acquisition Corporation announced the pricing of its upsized $120 million IPO today and its units are expected to begin trading on the Nasdaq ⦠The company plans to offer 10 million units priced at $10 per unit. Colonnade Acquisition II Prices $300M IPO. LightJump Acquisition. Don't risk buying another IPO without IPO Pro. Patrick Brandt, our Vice President of Corporate Development, has over 20 years of experience in enterprise software with a proven track record of leading companies through rapid growth, expansion, acquisition, and exits. Thinking of investing in new companies before they become household names? Investment Banks Handling the Most IPOs: Report; IPO Intelligence research provides institutional investors with top down tracking
The blank-check company was created by LightJump Capital. LightJump Amends $100M IPO Prospectus. media and entertainment, and then also consumer ⦠Jan 8, 2021 IPOs by Nicholas Alan Clayton. LightJump Acquisition was formed with the intention of merging it with a technology company. In 2020, about 200 SPACs have been created in the U.S., which raised about $64 billion. JumpFlight is a worldwide portal for flight exchange and resale. Lightspeed POS Inc. ("Lightspeed" or the "Company") today announced the pricing of its initial public offering (the "Offering") of 15,000,000 subordinate voting shares at a price of C$ 16 per share for total gross proceeds of C$ 240 million. Why PE Firms Targeting Tech Buyouts Could Face Competition From SPACs: Report. Good luck. Google, UnderArmour and Facebook were holdings in our IPO investment strategies
However, this is not always the case. As Saudi Arabia prepares for its Aramco IPO, energy investors are looking for the best opportunities on the oil-giantâs âacquisition hit listâ ... Jump right in! $10.13
LightJump Acquisition Corporation has a market-cap of $126 million. The IPO was projected to raise as much as $4 billion. LightJump Acquisition, a blank check company formed by LightJump Capital targeting the tech sector, filed on Friday with the SEC to raise up to $100 million in an initial public offering. Any yet SPACs are already creating more action on the IPO front next week. Entrepreneurs technology oriented investors and elite performers around a shared vision of identifying and investing in light stage IPO ready companies Disruptive Acquisition Corporation intends to focus its search and target businesses that are primarily in health and wellness. Asia Pacific also saw a big jump in activity with volume up 36% to 167 listings, raising USD 16.6 billion. of the global IPO market and bottom up research and valuation analysis on every IPO. When is the LightJump Acquisition SPAC IPO date? LightJump Acquisition Corporation Closes of Upsized $138 Million IPO 1/20/21 NEW YORK--( BUSINESS WIRE )-- LightJump Acquisition Corporation today announced that it closed its upsized initial public offering of 12,000,000 units at $10.00 per unit, generating total gross proceeds of $120,000,000. The top CEOs and famous investors are flocking to the SPAC market. DraftKings, Virgin Galactic, and Nikola Motor all went public through SPACs. (Note: LightJump Acquisition upsized its IPO at pricing to 12 million units, up from 10 million units, at $10 each.) Return from IPO⦠In this guide youâll get: A checklist for macOS management; A practical remote macOS management guide Get your FREE TRIAL now. Renaissance Capital is the global leader in providing pre-IPO institutional
But in light of where we are in 2020, especially with regard to the degrading efficiency and sky-rocketing cost of capital through the structurally broken IPO process, SPACs may emerge as a legitimate third option for helping Silicon Valley companies efficiently and cost-effectively transition into the public ⦠The offering size was increased from C$ 200 million to C$ 240 million and the price per subordinate ⦠The mobile device management (MDM) industry went through massive changes in 2020. Industry. People may receive compensation for some links to products and services on this website. We will seek to acquire an established business of scale that we believe is poised for continued growth with a capable management team and proven unit economics, but potentially in need of financial, operational, strategic or managerial enhancement to maximize value. Each unit will consist of one share of common stock and a one-half redeemable warrant to purchase a share at $11.50. © Copyright 2021 Market Realist. LightJump Acquisition Corporation (LJAQU) is planning to raise $100 million in an initial public offering (IPO) on Wednesday, January 6th, IPO Scoop reports. Renaissance Capital LLC is an SEC-registered investment adviser. Healthcare companies raised USD 33 billion in 2020 across 162 listings. research and management of IPO-focused investment products. E-mail Address. We are a blank check company. LightJump Acquisition Corporation (LJAQU) Prices Upsized $120M IPO. Travellers unable to use their (transferable) flight tickets can offer them for sale without a ⦠We intend to initially focus on technology and technology enabled businesses that directly or indirectly offer specific technology solutions or broader technology software and services. LightJump Acquisition filed confidentially on October 9, 2020. Google's initial public offering took place on August 19, 2004. May this song bless you! Latest Trade: $10.13 0.00 (0.0%) First Day Return: +1.9%. Over the last year, several companies have gone public through deals with SPACs (special purpose acquisition companies). Many companies saw the favorable market environment and shored up their balance sheets in light of the difficulties posed by COVID-19. Sometimes, a SPAC is also called a blank-check company. In light of an acquisition, an IPO, and macOS Big Surâs release, organizations using or considering an MDM have a lot to digest. Loughran and Ritter (1995) document that firms which have done an IPO or an SEO underperform similar firms over three- and five ⦠A total of 19,605,052 shares were offered at a price of $85 per share. Address. Company. FREE Breaking News Alerts from StreetInsider.com! LightJump Acquisition, a blank check company formed by private equity exec Robert Bennett targeting the tech sector, raised $120 million by offering 12 million units at $10. This paper aims to examine performance of firms with a negative second-day return after the Initial Public Offering (IPO) relative to stocks with a positive second-day return after the IPO. LightJump Acquisition Priced, Nasdaq: LJAQU.
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