Futu (Hong Kong)

Futu (Hong Kong) appears on the underwriting syndicate of 2 special purpose acquisition company IPOs in our index, including Summit Healthcare Acquisition Corp. and Artisan Acquisition Corp.. The full list, with the role credited on each cover page, is in the mandates table on this page.

We have not indexed a book-running credit for Futu (Hong Kong); every mandate on record is a co-manager or syndicate position. Bookrunner status is read from the prospectus cover, so a blank can also mean the cover did not separate the roles.

$535.4M of gross proceeds across every offering Futu (Hong Kong) was named on. That is the conventional league-table measure, which credits the full deal to each syndicate member. The narrower figure is its own allocation: $9.5M, being the units the underwriting agreements assigned to Futu (Hong Kong) specifically, priced at the $10 standard SPAC unit.

Artisan Acquisition Corp., which raised $339.4M in May 2021. Futu (Hong Kong) was credited as a syndicate member on that offering.

1 of the SPACs Futu (Hong Kong) underwrote closed a combination: Summit Healthcare Acquisition Corp.. Closing means the vehicle filed a current report reporting completion of the acquisition. That is an outcome, not a return.

1 vehicles Futu (Hong Kong) took public are still live, either searching or working towards an announced combination: Artisan Acquisition Corp.. Their combination deadlines are on each profile.

100%. Of the 1 vehicles Futu (Hong Kong) underwrote that have already resolved, 1 closed a business combination and 0 liquidated. The market-wide figure is 13.2%, so Futu (Hong Kong) sits above it. SPACs still searching are excluded, because an unfinished clock is not a result. The rate measures the vehicles, not the bank: a syndicate has no control over whether a sponsor finds a target.

We hold a current quote for none of Futu (Hong Kong)'s closed deals, so no comparison is possible here. Post-merger price history is not part of our dataset, and we would rather say so than imply a ranking the data does not support. What this page does show is the outcome of every vehicle and the trust economics disclosed at the time.

Artisan (1 deal) and Summit Healthcare (1 deal). Sponsor franchises are resolved from the sponsor entity named in each prospectus, so repeat issuers group together even though every vehicle is a separate legal entity.

Most often UBS (1), BofA Securities (1) and Credit Suisse (1). Syndicate composition is read from the prospectus cover and the underwriting section, so these are co-appearances on the same offering, not a commercial relationship we have any other visibility into.

Its first SPAC IPO in our index priced May 17, 2021 and the most recent Jun 10, 2021. 1 of its vehicles are still live, so the franchise is active.

The average offering it has been named on raised $267.7M, against a range from $196.0M to $339.4M. Deal size is a reasonable proxy for where a house sits in the market: the bulge bracket concentrates on larger trusts, the SPAC specialists on smaller ones.

Healthcare (1) and Consumer (1). Mandates are read from charter language in the prospectus and are often deliberately broad. Many SPACs reserve the right to pursue any industry, in which case no sector is tagged at all.

None in our index. Either its vehicles closed a deal or they are still inside their combination window.

Every figure is read from filings the registrants made with the SEC. Syndicate membership and role come from the prospectus cover and the underwriting section of each IPO prospectus (Form 424B4); outcomes come from the filing record: a current report announcing completion, or a delisting notice ending a liquidation. Nothing here is sourced from press coverage or from Futu (Hong Kong) itself.