The IPO Buzz: 1 Deal Priced Before Russia’s Attack on Ukraine

Clean Earth Acquisitions Corp. (CLINU) priced its SPAC IPO on Wednesday night (Feb. 23, 2022) – just ahead of breaking news that Russia had attacked Ukraine. Clean Earth’s stock and warrants are expected to start trading today (Thursday, Feb. 24) on the NASDAQ. The Wall Street Journal reports that the NASDAQ Composite Index is edging closer to entering a bear market at the open today.

With the bear’s claws just inches away from its neck, the IPO market is likely to stay in stealth mode.

The pricing of Clean Earth Acquisitions Corp.’s IPO marks the 42nd SPAC or blank-check deal to get done so far in 2022, according to SPACInsider. Citigroup was the sole book-runner for the Clean Earth Acquisitions deal, while JonesTrading was the co-manager.

Four deals – a small-cap cannabis IPO and three SPAC IPOs – are on the IPO Calendar for pricing tonight (Thursday, Feb. 24) – to trade Friday. The IPO Calendar was very light for this four-day week. The U.S. stock market was closed Monday for the Presidents Day holiday. (For details on these deals, please click on the company names on the IPO Calendar – and the hyperlink will take you to each company’s IPO Profile, with a link to the prospectus.)

More small-cap IPOs and SPAC IPOs continue to flow into the SEC’s filing window at a modest pace. But big bank names and deals at $100 million or up are few and far between.

Stay tuned.

Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.

To see what time the NASDAQ IPOs are expected to trade, please log in to: then scroll down to IPO Message.

Disclosure: Nobody on the staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The staff does not issue advice, recommendations or opinions.

Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums), is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.