Is it over demand

**Blue Acquisition Corp. (BACC) is not over-demand**, based on the available data and market analysis. Here's why:

1. **Successful IPO**: BACC completed its initial public offering (IPO) on June 16, 2025, raising $201.25 million in gross proceeds. This indicates strong investor demand, as the company exceeded its target of $150 million.
2. **Over-Allotment Option**: The underwriters exercised their over-allotment option, purchasing an additional 2,625,000 units. This suggests that there was sufficient demand from investors to support further issuance.
3. **Post-IPO Performance**: Following the IPO, BACC's shares began trading on the Nasdaq Global Market under the symbol "BACC" on June 13, 2025. The company's stock price has since experienced fluctuations common in newly listed companies, but this does not indicate over-demand.
4. **Separate Trading of Class A Shares and Rights**: The announcement to separate trade Class A ordinary shares and rights starting August 4, 2025, reflects confidence in the company's post-IPO trajectory. This move is likely to attract further investor attention and trading activity.
5. **Strategic Focus**: BACC's focus on green energy initiatives, sustainable industrial practices, and software development in AI, cybersecurity, and energy management aligns with current market trends. This strategic direction could attract demand from investors looking for growth opportunities in these sectors.

In conclusion, BACC's IPO success, the exercise of the over-allotment option, and its strategic positioning in high-growth sectors suggest that the company is not over-demand. Instead, it appears to be well-received by the market, with potential for growth driven by its focused business strategy.