IPO Report: Ares debuts second SPAC IPO in uncertain times but raises less capital than the first

April 27, 2023

Ares Management Corp.’s second blank-check stock offering added $50 million to bring its total proceeds to $450 million in its successful debut, in a sign of healthy demand for the deal in the face of a choppy market.

Ares Acquisition Corp. II AACT.UT debuted Friday at $10 a share as the largest special purpose acquisition company (SPAC) by total dollar proceeds to go public since January 2022. It was last trading at $10.12 a share on Thursday.

Typically,…

Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

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