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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.
Typically,…
