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IT Services Company Founder Buys Wellington Home for $8M

IT Services Company Founder Buys Wellington Home for $8M
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.

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No slowdown in sight for IPOs or SPACs

By Paul R. La Monica, CNN Business The market for new stocks continues to sizzle with no signs of a slowdown for initial public offerings or special purpose acquisition company mergers. ....

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Red-hot alphabet soup: No letup in IPO, SPAC frenzies

Red-hot alphabet soup: No letup in IPO, SPAC frenzies
wraltechwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wraltechwire.com Daily Mail and Mail on Sunday newspapers.

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Real Estate Embraces SPACs to Take Proptech Startups Public

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From left: Fifth Wall’s Brendan Wallace, Tishman Speyer’s Rob Speyer, Social Capital’s Chamath Palihapitiya, Cantor Fitzgerald’s Howard Lutnick, Pershing Square Capital’s Bill Ackman and Opendoor’s Eric Wu
When Fifth Wall Ventures decided to jump into the SPAC market in January, it targeted a raise of $250 million to take a startup public.
Within three weeks, it upsized the offering twice before the new blank-check firm closed its $345 million IPO on Feb. 9. “There was a lot of public demand,” a euphoric-looking Brendan Wallace, the venture firm’s co-founder, said during a video call after the IPO. ....

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Investment Executive Buys Wellington Home For $6M

Patrick Galley & Cindy Galley and 12549 Cypress Island Way in Wellington (Photo via Redfin)
An executive at a Chicago investment management firm bought a waterfront spec home in Wellington for $6.2 million.
Records show Patrick W. Galley and Cindy F. Galley bought the newly built house at 12549 Cypress Island Way. The seller is Estate Homes By Stock LLC, a Florida Corporation tied to Naples-based Stock Development led by John Ferry, CFO.
Patrick Galley is CEO and CIO of RiverNorth Capital Management, an investment management firm based in Chicago.
Estate Homes By Stock LLC bought the land in 2018 for $1.2 million and began constructing the existing house that same year. Property records show the house was completed in 2020. ....

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