Plum IV Completes $172.5 Million IPO With Ropes & Gray's Expertise
Deal News | Jan 16, 2025 | Ropes & Gray
Ropes & Gray provided crucial legal advice to the underwriters involved in the Initial Public Offering (IPO) of Plum Acquisition Corp. IV, a special purpose acquisition company (SPAC). The IPO successfully raised $172.5 million, including full exercise of the underwriters' over-allotment option. Plum IV's units will now trade on Nasdaq under the symbols PLMK and PLMKW. Founded to execute mergers, share exchanges, or similar transactions, Plum IV's announcement on Jan. 14 confirmed the pricing, while closing was completed by Jan. 16. The Ropes & Gray team included capital markets partner Christopher Capuzzi and tax partner Dan Zuckerman.
Sectors
- Financial Services
- Legal Services
Geography
- United States – The IPO took place on the Nasdaq, a US-based stock exchange, aligning the article with US financial markets.
Industry
- Financial Services – The article involves an Initial Public Offering (IPO) and capital markets activities, typical of the financial services sector.
- Legal Services – Ropes & Gray, a legal advisory firm, played a key role in the transaction described in the article.
Financials
- $172.5 million – The total amount raised from Plum IV's Initial Public Offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Plum Acquisition Corp. IV | Target Company | Company | A SPAC formed for executing mergers, acquisitions, and other business combinations. |
| Ropes & Gray | Legal Advisor | Company | A law firm providing legal advisory services to the underwriters of Plum IV's IPO. |
| Nasdaq | Stock Exchange | Company | The trading platform where Plum IV's shares are listed. |
| Christopher Capuzzi | Capital Markets Partner | Person | A partner at Ropes & Gray involved in advising the IPO underwriters. |
| Dan Zuckerman | Tax Partner | Person | A tax partner at Ropes & Gray part of the advisory team for the IPO. |