SPACs

Digital asset provider BitGo priced its US IPO above the expected range, raising $213 million at a $2.2 billion market cap. The company, which offers custody, lending, and infrastructure for institutional clients, saw shares open with a 25% gain before falling 19% below the offer price by week's end. This performance contrasts with a strong debut for equipment rental firm EquipmentShare.

26 Mwezi wa kumi na moja, 2025 Imeripotiwa na AI

Special purpose acquisition companies targeting cryptocurrency treasury firms are at a critical juncture amid a sharp Bitcoin decline. Deals backed by figures like Brandon Lutnick and Anthony Pompliano face fading prospects. The plunge echoes challenges to the trend pioneered by Michael Saylor's firm.