A Shell by Any Other Name?

"Special purpose" companies offer an intriguing prospect for going public in this conservative IPO market.

Karen M. Kroll is a freelance writer based in Minnetonka, Minnesota.

SPAC-ing out
The largest “blank-check” IPOs of 2007*
Issuer (Date Priced) Value
(in $ mill.)
Market for its target
Victory Acquisition (4/24) $330 General
Information Services Group (1/31) $259 Information services
NTR Acquisition (1/30) $246 Refining, distribution, and marketing
petroleum products
Symmetry Holdings (3/7) $150 Industrial
MBF Healthcare Acquisition (4/17) $150 Health care
Oceanaut (3/1) $150 Shipping
Churchill Ventures (2/28) $108 Communications, media, or technology
Renaissance Acquisition (1/29) $108 Consumer products; consumer, business, or financial services; or manufacturing
Hyde Park Acquisition (3/6) $104 General
Santa Monica Media (3/27) $100 Communications, media, gaming, and/or entertainment
Tailwind Financial (4/11) $100 Financial services
*Year-to-date 5/17/07; Source: Dealogic

Discuss

Your email address will not be published. Required fields are marked *