Hexcellence US IPOs Weekly Recap - Week of July 27, 2020

Seven IPOs and five SPACs went public in the week of July 27, 2020, led by led by Vital Farms  (Nasdaq: VITL), the largest pasture-raised eggs producer in US which soared 60% in its first trading day and closed its first week at 60% above its IPO price.

Chinese electric vehicle maker Li Auto (Nasdaq: LI) raised $1.1 billion at a $10 billion market cap and finished up 39%. The last Chinese issuer to raise over $1 billion was Tencent Music Entertainment Group (NYSE: TME) in December 2018.

The five SPACs went public this past week are:

1.      Churchill Capital Corp IV (no selected target industry)

2.      CC Neuberger Principal II (no selected target industry)

3.      E.Merge Technology Acquisition ( technology business SPAC)

4.      ACE Convergence Acquisition (technology business SPAC)

5.      NewHold Investment (industrial technology SPAC)

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