Kristi Marvin
If you want to test your patience, raise a SPAC. If you want to test your sanity, close one.
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- Sep 21, 2026
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Convertible Preferreds Are Trending (opens the original)
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After two more IPOs priced this week, September’s IPO count now totals three, with the year-to-date total now at 150 and $29.4 billion in gross proceeds raised. Additionally, two more SPACs announced combinations bringing the announced yearly count to 69, and a quarter-to-date count of 24, compared to Q2’s count of 30.Nonetheless, this was a big week for news, filings and trends. For starters, we had a rate hike of 25 basis points on Wednesday, with another 25-basis point hike anticipated by the
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