Jay Ritter Articles: page 18

Investment bankers had a rough year. Thirty-seven operating companies went public and raised $7 billion in 2022—the lowest amount of total initial public offering proceeds since the $4.3 billion raised in 1990, according to Jay Ritter, Cordell Eminent Scholar. Read

Some 97% of shares in the SPAC set up by Primavera Capital were redeemed, as investors asked for their capital back instead of staying on board for the merger with Lanvin. Investors overall have turned away from SPAC listings, leading

Research data from Cordell Eminent Scholar Jay Ritter informs this story about KKR’s SPAC, which debuted during the go-go year of 2020 ahead of increased regulatory scrutiny and tighter credit conditions.  Read more in this story from MarketWatch. 

The fragmented leadership of the partners and various affiliates makes EY’s divestiture more complicated than recent spin-offs like those of General Electric Co. and Johnson & Johnson, said Jay Ritter, Cordell Eminent Scholar at the University of Florida. “That’s where

A paper by Cordell Eminent Scholar Jay Ritter, Ph.D. student Minmo Gahng and alumnus Donghang Zhang informs this story about how blank-check vehicles are running out of time to close mergers, costing sponsors dearly. Given that SPACs offer no benefits

IPOs this year slowed to a trickle after banner years in 2020 and 2021, when companies pushed through the pandemic and took advantage of an emerging world of remote work and play and an economy flush with government-backed funds.  Data

The SPAC craze was a goldmine for sponsors like “SPAC King” Chamath Palihapitiya and Howard Lutnick. They were early to the game and benefited from a bull market that bolstered the industry with investors eager to pay large premiums for

Insights from Cordell Eminent Scholar Jay Ritter inform this story about the roadblock the SPAC taking Donald Trump’s media venture public is running into: Its own investors. Read more from Ritter in this story from Bloomberg.