By Reuters Staff
2 Min Read
FILE PHOTO: The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid
(Reuters) - A blank-check firm backed by investment bank Lazard Ltd is aiming to raise $500 million in a U.S. initial public offering (IPO), a regulatory filing showed on Monday.
The company, Lazard Growth Acquisition Corp. I, said it would sell 50 million units, made up of shares and warrants, at $10 apiece.
The special purpose acquisition company (SPAC) saw attractive investment opportunities in the healthcare, technology, energy transition, financial and consumer sectors, it said. (bit.ly/39eNvvp)
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Kirkland Guides Venture-Affiliated SPAC s $350M IPO
Law360 (December 17, 2020, 6:54 PM EST) A special purpose acquisition company affiliated with venture capital firm Corner Ventures began trading Thursday after a $350 million initial public offering led by Kirkland & Ellis LLP, with plans to target tech-savvy startups willing to go public through a blank-check merger.
Corner Growth Acquisition Corp. s units started trading on the Nasdaq under the symbol COOLU, where they closed at $10.35 apiece on Thursday evening. Corner Growth raised $350 million in the IPO by pricing 35 million units at $10 apiece, a boost from its earlier plan to sell 30 million units.
The California-headquartered company could raise more funds from the.