CXMT Ready for Its IPO
ChangXin Memory Technologies (CXMT), China’s largest DRAM maker, announced plans for a Shanghai STAR Market IPO in the second half of 2026, seeking to raise about 29.5 billion yuan ($4.3 billion), potentially the year’s biggest Chinese listing. The company posted a dramatic Q1 2026 revenue surge of over 700% YoY to 50.8 billion yuan ($7.4 billion) and net profit of 25 billion yuan ($3.6 billion) after a loss a year earlier. For the first half of the year CXMT projects revenue of 110‑120 billion yuan ($16‑17 billion) and net profit of 57 billion yuan ($8.3 billion). Backed by state investors and serving Alibaba, Tencent and ByteDance, CXMT’s IPO tests market appetite for China’s semiconductor self‑sufficiency drive.
Burtech Acquisition Corp. II (BRKHU) Prices Downsized $80M IPO
Burtech Acquisition Corp. II announced pricing of a downsized $80 million initial public offering, with its units slated to begin trading on Nasdaq under the ticker BRKHU on May 22, 2026. The SPAC, led by CEO Shahal M. Khan and CFO Roman V. Livson, will seek...
Podcast: Carlos Domingo on Securitize, Tokenization and Its SPAC Deal with Cantor Equity Partners II (CEPT)
Securitize, a leading digital‑asset tokenization platform, is finalizing a $1.36 billion business combination with Cantor Equity Partners II (NASDAQ: CEPT). The SPAC merger will take Securitize public, giving investors direct exposure to the infrastructure behind stablecoin and tokenized‑asset growth. CEO Carlos...
Deal Lawyers Download Podcast: SRS Acquiom Annual M&A Deal Terms Study
The Deal Lawyers Download Podcast featured Kip Wallen discussing SRS Acquiom’s 2026 M&A Deal Terms Study. In a 20‑minute episode, the hosts highlighted emerging patterns such as the rise of “jumbo” transactions, evolving earnout structures, and shifts in purchase‑price adjustments....
Oceanhawk Acquisition Corp. (OHACU) Prices Upsized $160M IPO
Oceanhawk Acquisition Corp. (OHACU) priced an upsized $160 million initial public offering, with units slated to start trading on Nasdaq on May 21, 2026. The SPAC, led by CEO Ernest Miller and CFO Jon Ryan, will seek a merger with a company in...
Aperture AC (APURU) Prices $90M IPO
Aperture AC (NASDAQ:APURU) priced its $90 million initial public offering and will debut on Nasdaq under the ticker APURU on May 21, 2026. The special purpose acquisition company, led by CEO Calvin Kung and CFO Daniel Zhao, will seek a business combination in...
Research Alliance Corp. III (RACC) Prices $75M IPO
Research Alliance Corp. III (RACC) announced the pricing of its $75 million initial public offering and will begin trading on Nasdaq under the ticker “RACC” on May 19, 2026. The SPAC, led by CEO Matthew Hammond, Ph.D., will focus on acquiring a target...
Current Developments in Takeover Law and Practice
M&A activity surged in 2025, with U.S. deal volume topping $2.3 trillion—a 58% year‑over‑year jump—and global volume rising 42%. Megadeals worth $10 billion or more hit a record 68 transactions, highlighted by Union Pacific’s $85 billion merger with Norfolk Southern and Paramount Skydance’s $110 billion...
The IPO Buzz: Lincoln International (LCLN) Prices IPO at $20 – Top of Range
Lincoln International priced its IPO at the top of the range, $20 per share, selling 21.05 million shares to raise $421 million. The offering gave the firm a market capitalization of about $2.04 billion as it prepares to debut on the New York...
DCC Plc Update – Starting the “Intertek Dance” ?
Two weeks after a £58 ($74) per‑share bid from KKR on DCC Plc was deemed too low, Bloomberg and Reuters report that KKR and its partner are preparing a sweetened offer. The situation mirrors a recent "dance" at Intertek Plc,...
Top IPO, Weak Governance
SpaceX is preparing what could become the largest IPO ever, targeting up to $75 billion in proceeds and a valuation exceeding $2 trillion. The company will issue one‑vote Class A shares to the public while retaining ten‑vote Class B shares for Elon Musk and...
Anglo Exits Australian Steelmaking Coal for up to $3.9B
Anglo American has agreed to sell its entire Australian steelmaking coal portfolio to UK‑based Dhilmar Limited for up to $3.875 billion. The transaction values the assets at a price‑to‑last‑value breakeven of $295 per tonne, roughly 25% above current market levels. The...
The IPO Buzz: Lincoln International (LCLN Proposed) On Tap as SpaceX Mania Revs Up
Lincoln International, a Chicago‑based investment‑banking advisory firm, is set to go public on the NYSE this week. The IPO will offer 21.05 million shares at $18‑$20 each, targeting roughly $400 million in proceeds if priced at the $19 midpoint. The company posted...
New SPAC: Freedom Metals Acquisition Corp. (FDMMU) Files for $275M IPO
Freedom Metals Acquisition Corp (ticker FDMMU) filed its S‑1 to raise up to $275 million in a SPAC IPO, issuing 11 million units at $25 each. The capital structure combines a $150 million private placement with a $125 million public offering. The SPAC will...
NextEra Energy to Acquire Dominion Energy for $130 Billion
NextEra Energy announced a $130 billion agreement to acquire Dominion Energy, creating one of the largest U.S. utility operators. Dominion shareholders will receive 0.8138 NextEra shares per Dominion share, a $75.98 per‑share premium of 23.75%, plus a $360 million cash payment at...