Four IPOs and four SPACs went public in the week of January 3, 2022 led by Hour Loop Inc (NASDAQ: HOUR), an online retailer selling various household goods primarily on Amazon, raised $6 million at a $139 million market cap and finished 100% above its IPO price.
Phase 2 biotech developing oral treatments for hypertension and cardio-renal diseases, CinCor Pharma Inc (NASDAQ: CINC), raised $194 million at a $612 million market cap and finished 0% above its IPO price.
Phase 3 biotech developing therapies to treat ALS, Amylyx Pharmaceuticals Inc (NASDAQ: AMLX), raised $190 million at a $1,151 million market cap and finished 5% below its IPO price.
Developer of antibody therapies for neurodegenerative diseases, Vigil Neuroscience Inc (NASDAQ: VIGL), raised $98 million at a $427 million market cap and finished 10% below its IPO price.
The four SPACs went public this past week are:
1. Cartica Acquisition (India-focused tech businesses SPAC)
2. C5 Acquisition (space, cybersecurity, and energy transition SPAC)
3. Viscogliosi Brothers Acq. (North American and European neuro-musculoskeletal industry SPAC)
4. Screaming Eagle Acq. (no selected target industry)
Together, all the SPACs raised a total of $1.2 billion.
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