Market ReportIPO ROUND-UP

IPO Roundup: Blank-check companies to go public this week

Official pricing dates for Pivotal Investment Corp II and Tuscan Holdings Corp II have not been set

Person writing a check
Pivotal Investment is led by New York Islanders majority owner Jon Ledecky

This week, a pair of New York-based blank-check companies are expected to go public, although official pricing dates have not been set.

Pivotal Investment Corp II (NYSE:PIC U) is expected to offer 20 million shares at $10 per share to raise $200 million. The company, led by New York Islanders majority owner Jon Ledecky, has not yet picked a business or industry to target for a possible business combination.

READ: US non-farm payroll employment rebounded in June with 224,000 new jobs, as labor market remains strong

Tuscan Holdings Corp II (NASDAQ:SPAC) plans to raise $125 million by offering 12.5 million shares at $10 per share. Run by Stephen Vogel, the president of Twelve Seas Investment Company, Tuscan is targeting the cannabis industry and others for potential mergers and asset acquisitions.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

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