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Experience Investment Corp. (EXPCU) Prices $250M SPAC IPO


Experience Investment Corp. (EXPCU) Prices $250M SPAC IPO

Sep 12, 2019 INTEL by Kristi Marvin

Experience Investment Corp. (EXPCU), announced the pricing of their $250 million IPO this evening. Experience’s units are expected to begin trading Friday, September 13th, under the symbol NASDAQ: EXPCU.

Experience Investment Corp. will be focusing on the travel and leisure sector and will be led by Eric Affeldt, as Chairman and Chief Executive Officer.

Total SPAC deal count for 2019 year-to-date is now 41 with $9.8 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, September 17, 2019.

Congratulations to all.

Deutsche Bank Securities, Citigroup and J.P. Morgan acted as book-running managers for the offering. Ellenoff Grossman & Schole LLP and Ropes & Gray LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively.