PSPAC Raises $75 Billion at $135, Shares Soar 19% on Debut
PSPAC completed a record-breaking IPO on June 12, raising $75 billion through the sale of 555.5 million shares at $135 each. Major investor Baron Capital purchased an additional $1 billion of shares, lifting its stake to $25 billion.
1. Record-Breaking IPO
PSPAC launched its IPO on June 12, offering 555.5 million shares at $135 each and raising $75 billion, setting a global record for capital raised in a single offering.
2. Debut Trading Performance
Shares surged 19% during the first day of trading, closing sharply higher and signaling robust investor appetite.
3. Major Investor Moves and Allocation Issues
Baron Capital acquired an additional $1 billion of shares, raising its total stake to $25 billion, while Mirae Asset Securities apologized for failing to secure IPO allocations and said it may compensate affected clients.
