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L Catterton prices $250m SPAC IPO as global listings raise record $60b so far this year
Times Square is seen through the window of the Nasdaq MarketSite in New York, U.S., on Thursday, Aug. 4, 2016. Photographer: Victor J. Blue/Bloomberg
March 11, 2021
L Catterton Asia Acquisition Corp, a special purpose acquisition company (SPAC), launched by consumer-focused private equity firm L Catterton, has announced the pricing of its $250 million IPO on Nasdaq.
The Singapore-based SPAC’s IPO priced 25 million units at $10 each, with every unit consisting of one share of common stock and one-third of a warrant, exercisable at $11.50. The units will be listed on the Nasdaq under the symbol “LCAAU” and are expected to begin trading on Nasdaq Thursday.