Pledging securities, when a beneficial owner pledges their company shares as collateral, poses significant risks to corporate governance and share price. This risk is heightened when securities related to a special purpose acquisition company (SPAC) investment are pledged, due to … Continue reading
Category Archives: Initial Public Offerings (IPO)
2020 IPO Accounting and Legal Fees
There were 474 initial public offerings in 2020 – the highest amount of IPOs in a single year since 2000. Interestingly, as noted in our previous analyses, 2020’s IPO activity was primarily driven by blank checks and special purpose acquisition … Continue reading
Auditor Changes Roundup: Q4 2020
Baker Tilly US LLP, with a net of 29 new SEC audit clients, accounts for the most SEC audit clients gained among auditor changes in Q4 2020. As mentioned in Accounting Today, Friedman LLP and BF Borgers CPA PC had … Continue reading
Q4 2020 IPOs: Auditor Market Share and Stats
Overview There were an unprecedented 210 initial public offerings in U.S. markets between October 1, 2020, and December 31, 2020. Together, these 210 IPOs raised over $65 billion, an increase of over $56 billion from the same period last year and an increase … Continue reading
SPAC Popularity Continues to Grow
2020 was the year of the special purpose acquisition company (SPAC) initial public offerings (IPOs). The somewhat controversial method of going public represented more than half of all IPOs last year. The growth in popularity of SPACs has been evident … Continue reading
Auditor Changes Roundup: Q3 2020
Cohen & Company, Grant Thornton, and Marcum, each with a net of three new SEC audit clients, account for the most SEC audit clients gained among all firms in Q3 2020. As mentioned in Accounting Today, EY had the most … Continue reading
Withum, Marcum Lead Auditors for Blank Check IPOs
When it comes to blank check initial public offerings (IPOs), two firms dominate the market: Withum and Marcum. Together, these two firms account for 90.2% of all blank check IPOs from January 1, 2019 to September 30, 2020, with 156 … Continue reading