A big SPAC IPO – Blue Room Acquisition Corp. (IBLUU proposed) – kicks off Wall Street’s four-day work week following Christmas. Blue Room Acquisition Corp. plans to raise $200.0 million by offering 20.0 million units at $10.00 each. The New York-based blank check company intends to search for a financial services company with a market value between $250 million and $500 million.
Maxim Group is the sole book-runner.
Five deals, including Blue Room’s SPAC IPO, are on the IPO Calendar for pricing during this four-day week that will wrap up the year 2023. Four of the five deals are expected to price Tuesday night, Dec. 26, 2023, for trading Wednesday, Dec. 27, on the NASDAQ. The lineup includes another SPAC IPO – Iron Horse Acquisitions Corp. (IROHU proposed) – and three small-cap IPOs.
Bankers aim to raise $283.25 million if all five deals get done. For details, please see the IPO Calendar.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on IPOScoop.com’s 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.