(Corrects title of SEC official in paragraph 12)
FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 12, 2021. REUTERS/Brendan McDermid/File Photo
WASHINGTON/NEW YORK (Reuters) -While the blank-check deals market reached new heights this week with Grab Holdings’ record $40 billion merger, some lawyers and regulatory experts said the exuberance was unlikely to last as the U.S. securities watchdog steps up scrutiny of such deals.
Southeast Asia’s largest ride-hailing and food delivery firm on Tuesday clinched a merger with special purpose acquisition company, or SPAC, Altimeter Growth Corp, paving the way for a U.S. listing and the biggest-ever blank-check company deal.
As US watchdog steps up scrutiny, Grab deal signals SPAC party peak dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
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WASHINGTON/NEW YORK (Reuters) - While the blank-check deals market reached new heights this week with Grab Holdings’ record $40 billion merger, some lawyers and regulatory experts said the exuberance was unlikely to last as the U.S. securities watchdog steps up scrutiny of such deals.
FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 12, 2021. REUTERS/Brendan McDermid/File Photo
Southeast Asia’s largest ride-hailing and food delivery firm on Tuesday clinched a merger with special purpose acquisition company, or SPAC, Altimeter Growth Corp, paving the way for a U.S. listing and the biggest-ever blank-check company deal.
Analysis: As U S watchdog steps up scrutiny, Grab deal signals blank-check party peak reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Mid-sized New York firm trumps Kirkland and Skadden in $77bn SPAC IPO bonanza
16 March 2021
Ellenoff Grossman & Schole advises on 71 IPOs amid surge in SPAC issuance in 2021
Rocket Lab s go public deal was completed earlier this month Rocket Lab New York firm Ellenoff Grossman & Schole (EGS) is cashing in on a record run of special purpose acquisition company (SPAC) IPOs this year, advising on more deals than its closest rivals, international giants Kirkland & Ellis and Skadden, according to data supplied by Refinitiv Deals Intelligence. EGS, which lays claim to have had the most active SPAC programme over the last decade, has advised on 71 IPOs valued at $17.6bn – either as legal adviser to the issuer or underwriter – in the period to 11 March this year. That is comparable to its entire 2020 tally.