The past 12 months have not been the best for European IPO activity, with EMEA IPO proceeds (including SPACs) falling 24 percent year-on-year to US$22.19 billion. After a challenging year when IPO appetite was impacted...more
Activist shareholders had a busy 2023: The incidence of activist campaigns in Europe soared by almost 70% compared to 2022, according to data compiled by Skadden and Activistmonitor. As we described in a previous issue of The...more
Supreme Court Hears Argument on Traceability Requirement in Circuit-Split Slack v. Pirani - Key Points - - Before the end of June, the U.S. Supreme Court is expected to issue a decision in a high-profile securities case...more
Welcome to the White & Case US SPACs Data Hub, which provides a quarterly review and analysis of key drivers and trends behind US SPAC IPO and de-SPAC activity. ...more
Overview of the latest capital market trends in Hong Kong - In line with global trends, fundraising activity slowed markedly in Hong Kong during the first half of 2022. Total proceeds raised from such activity decreased by...more
European SPAC IPO issuance has slowed materially over the first six months of 2022. EU SPACs raised US$1.78 billion in H1 2022, down from the US$5.11 billion secured over the same period last year. EU de-SPAC deal value...more
US de-SPAC M&A deal value has contracted significantly during the first half of 2022, sliding from US$231.31 billion during the buoyant H1 2021 period to just US$26.29 billion for H1 2022. A wider M&A slowdown as a result of...more
European SPAC IPO issuance totalled US$8.56 billion in 2021, with the market generating record levels of activity as momentum from the red-hot US SPAC scene carried into Europe. Record SPAC IPO issuance supported buoyant...more
On December 17, 2021, the Stock Exchange of Hong Kong Limited (the Exchange) announced new listing regime for special purpose acquisition companies (SPAC). These new rules will take effect on January 1, 2022. This...more
On September 17, 2021, the Stock Exchange of Hong Kong (“SEHK”) released the long-awaited consultation paper on Hong Kong Special Purpose Acquisition Companies (“SPAC”). After a short consultation period ending on October 31,...more
The summer vacation period through August saw no new IPOs from European SPAC sponsors, but the market for De-SPAC deals involving European targets remained active. European assets continue to attract interest from US SPAC...more
Investors are returning to mining & metals amid an almost unprecedented rally in the US capital markets that is taking place despite the continued economic challenges related to the COVID-19 pandemic - Those companies that...more
Over the past year, the use of Special Purpose Acquisition Companies, or SPACs, to go public has skyrocketed. As The Wall Street Journal explained, “With interest rates on the floor and investors chasing young companies, this...more
The proposal covers broad admission criteria; conditions for founding shareholders, the management team, and controlling shareholders; and business combination requirements. On 31 March, the Singapore Exchange (SGX)...more
Special purpose acquisition companies (SPACs), also referred to as “blank check” companies, have reached record numbers in the United States, with 242 SPACs conducting an initial public offering (IPO) on either NYSE or Nasdaq...more
As reported in our Client Alert from January 10, 2019, a Presidential decree was published in the Official Gazette of the Federation on January 8, 2019, granting two tax incentives in the fixed income and equities securities...more