The IPO will primarily comprise a sale of shares by existing shareholders (about 80 per cent of the offer) with a smaller offering of new shares (about 20 per cent of the offer) to be issued by the company. Once the business is listed, Foresight Group expects that about half of its is...
High-profile sponsors in high-profile industries raising capital are helping to drive investor demand. The largest SPAC to date is the $4 billion raised last year by hedge fund Pershing Square Capital’s founder Bill Ackman. There are many other examples. Chamath Palihapitiya, the venture capital...