The Black Spade Acquisition II Co Unit (BSIIU) share price is expected to decrease by 100% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered BSIIU. Price targets range from $ at the low end to $ at the high end. The current analyst consensus for BSIIU is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
About 0 Wall Street analysts have assignedBSIIU 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Black Spade Acquisition II Co Unit to sell. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on BSIIU. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of BSIIU.
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In 2023, BSIIU generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that BSIIU's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
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Summary - Black Spade Acquisition II Co (NASDAQ: BSIIU) announced underwriters exercised an option for 300,000 additional units at $10.00 each, raising about $3 million in gross proceeds.
Why It Matters - The partial exercise of the underwriters' option indicates strong demand for Black Spade Acquisition II's IPO, potentially boosting investor confidence and increasing liquidity.
Summary - Black Spade Acquisition II Co (NASDAQ: BSIIU) closed its IPO, raising $150 million by offering 15 million units at $10 each, which began trading on Nasdaq on August 28, 2024.
Why It Matters - The successful IPO of Black Spade Acquisition II Co raises $150 million, indicating strong market interest in SPACs, which may impact investor sentiment and future SPAC offerings.
Summary - In late August, two SPACs, GigCapital7 and Black Spade Acquisition II, raised $200M and $150M. Three IPOs from the Asia Pacific region are scheduled to list next week.
Why It Matters - The completion of small IPOs and SPACs signals market activity despite major deals being paused, indicating potential investor confidence and opportunities in emerging markets.
Summary - Black Spade Acquisition II Co has priced its IPO at $10.00 per unit, offering 15 million units. Trading on Nasdaq under the ticker "BSIIU" is set to begin on August 28, 2024.
Why It Matters - The IPO pricing and upcoming trading on Nasdaq indicate potential liquidity and investor interest in Black Spade Acquisition II Co, which could impact stock performance and market sentiment.