Senior Advisors to International Companies Going Public in the U.S.
AUM Advisors is a New York-based capital markets advisory and investor relations firm. We work with CEOs and boards of international companies — in Japan, Europe, Greater China, and Southeast Asia — when a U.S. listing via SPAC or IPO is the most important transaction in the company’s history. Our principals have counseled more than 100 IPOs and SPACs, publish the quarterly De-SPAC Scorecard, and organize the Europe SPAC Summit, Japan Go IPO, and Asia Go IPO conferences.
Our Solutions
Pre-IPO & SPAC Capital Markets Advisory
Capital is oxygen for growth companies and can make the difference between establishing an industry-leading position and being acquired for spare parts. AUM’s principals have worked with dozens…
Investor Relations for Cross-Border Issuers
Our approach to investor relations is somewhat unconventional and informed by conversations with some of the brightest minds in the investing world. Every investment story is unique, and your communications should be true to your own DNA and stand apart in the marketplace of investment ideas.
Media Relations & Thought Leadership
AUM Advisors believes that traditional approaches to public relations often result in a drain on management time and resources when not tethered to specific business and capital markets objectives. In some instances…
Research & Events
Research
Events
"We're the senior advisors international CEOs call when a US listing is the most important transaction of their company's life."
— Crocker Coulson, Founder & CEO
Frequently Asked Questions
How can an international company list in the United States?
There are three main paths: a traditional IPO, a merger with a SPAC (special purpose acquisition company), or a direct listing. The right choice depends on capital needs, timing, valuation certainty, and investor readiness. AUM's Three Paths to a U.S. Listing guide compares each.
What is a foreign private issuer?
A foreign private issuer (FPI) is a non-U.S. company that meets SEC tests on U.S. ownership and U.S. business contacts. FPIs file annual reports on Form 20-F rather than 10-K, furnish interim updates on Form 6-K, and are exempt from the U.S. proxy rules and Section 16 insider reporting.
How long does a de-SPAC transaction take?
Most de-SPACs take three to twelve months from signing the business combination agreement to closing. Timing is driven mainly by the company’s preparation level, the SEC's review of the registration statement, and the shareholder vote and redemption process.
Why do so many de-SPAC companies trade below $10?
High redemptions, thin public float, and limited analyst coverage leave many de-SPACs without natural buyers after closing. AUM's H1 2026 De-SPAC Scorecard found 29% of completed de-SPACs trading above their $10 IPO price, with deal size the strongest predictor of performance.
What does a SPAC investor relations firm do?
A SPAC IR firm builds the equity story, targets and engages investors to reduce redemptions, supports PIPE and non-redemption outreach, and runs the public company IR program after closing — earnings, analyst coverage, and investor meetings.
What is the De-SPAC Scorecard?
The De-SPAC Scorecard is AUM Advisors' semiannual analysis of post-merger performance across completed SPAC combinations. It tracks share price versus the $10 IPO price and the deal characteristics associated with better outcomes.