IPO Report
Ares Acquisition Corp. II is the largest special purpose acquisition company by total dollar proceeds to go public since January 2022
Ares Management Corp., founded in 1997, has taken more than 10 portfolio companies public.
Ares Management
Ares Management Corp.’s second blank-check stock offering added $50 million to bring its total proceeds to $450 million in its successful debut, in a sign of healthy demand for the deal in the face of a choppy market.
Ares Acquisition Corp. II AACT.UT debuted Friday at $10 a share as the largest special purpose acquisition company (SPAC) by total dollar proceeds to go public since January 2022. It was last trading at $10.12 a share on Thursday.
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