The IPO Buzz: Cantor Equity Partners (CEP) Raises $100 Million in SPAC IPO

Cantor Equity Partners (CEP) raised $100 million on Monday night, Aug. 12, 2024, by pricing its stock-only SPAC IPO in sync with the terms in the prospectus: 10.0 million Class A ordinary shares at $10.00 each. Cantor Equity Partners’ stock is expected to start trading today – Tuesday, Aug. 13, 2024, on the NASDAQ. Cantor was the sole book-runner. The stock-only structure of Cantor Equity Partners’ SPAC IPO makes it unusual. Most SPAC IPOs are unit offerings consisting of stock and warrants or stock and rights – or some combination of those elements. At pricing, Cantor Equity Partners became the third SPAC IPO priced so far in August 2024, the 23^rd SPAC IPO priced so far in 2024, and more significantly, the fifth SPAC IPO to make its trading debut so far in August 2024. IPOScoop ranks SPAC  IPOs by trading date in its statistics, although the data also notes pricing dates. New York-based Cantor Equity Partners said its search for an acquisition target will not be limited to any particular industry or geographic reason, although it will include these areas where its management team has expertise – financial services, healthcare, real estate services,  technology and software, according to the prospectus. Howard W. Lutnick is the chairman and CEO of Cantor Equity Partners. He joined Cantor in 1983. Lutnick has served as president and CEO of Cantor since 1992 and as chairman since 1996, the prospectus said. Jane Novak is the CFO of Cantor Equity Partners. She joined Cantor in October 2017 and since then, she has served as the global head of accounting policy. Over $1 Billion Raised By SPAC IPOs in August Five SPAC IPOs have raised a combined $1.22 billion and started trading in August 2024 so far. Two of those SPAC IPOs were priced on Wednesday night, July 31, 2024, and began trading on Aug. 1, 2024. Here are the five SPAC IPOs with August 2024 trading debuts: *M3-Brigade Acquisition V Corp. (MBAVU) – Priced July 31^st, Started Trading Aug. 1^st – raised $250.0 million – NASDAQ – Cantor *AA Mission Acquisition Corp. (AAM.U) – Priced July 31^st, Started Trading Aug. 1^st – raised $300.0 million – NYSE – Clear Street *EQV Ventures Acquisition Corp.(EQV.U) – Priced Aug. 6^th, Started Trading Aug. 7^th – raised $350.0 million – NYSE – BTIG *Voyager Acquisition Corp.(VACHU) – Priced Aug. 8^th, Started Trading Aug. 9^th – raised $220.0 million – NASDAQ – Cantor *Cantor Equity Partners (CEP) – Priced Aug. 12^th, Starts Trading Aug. 13^th -raised  $100.0 Million – NASDAQ –  Cantor  Stay tuned. (For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on IPOScoop.com’s website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.