As the market for IPOs remains as hot as ever, the latest one to debut on the exchanges is Kodiak Robotics (KDK), or Kodiak AI, as it will be known after its new rebranding. Kodiak's market debut is brought about following a merger with SPAC Ares Acquisition Corp. II, a special purpose acquisition company (SPAC) sponsored by a subsidiary of Ares Management Corporation (ARES), a large global alternative investment manager. Kodiak secured over $212.5 million from institutional investors through its merger w ...