Upsize this. That was the word on three big SPAC IPOs, which raised $792 million combined on Thursday night, May 1, 2025, to trade today, Friday, May 2, all on the NASDAQ:
- Cantor Equity Partners II (CEPT) – a stock-only SPAC – raised $240 million – up from $200 million in the prospectus – by pricing 24.0 million units at $10.00 each. Cantor was the sole book-runner.
- Cartesian Growth Corp. III (CGCTU) raised $240 million – up from $200 million in the prospectus – by pricing 24.0 million units at $10.00 each. Cantor was the sole book-runner.
- Gores Holdings X (GTENU) raised $312 million – up from $260 million in the prospectus – by pricing 31.2 million units at $10.00 each. Santander was the sole book-runner.
That brings this week’s total to nine SPAC IPOs that raised about $1.83 billion combined, including last night’s trio of deals (the May 1, 2025, SPAC IPO pricings).
Stay tuned.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
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: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com 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 IPOScoop.com. 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.