Galileo Acquisition Corp. (GLEO.U) Prices Up-sized $120M SPAC IPO


Galileo Acquisition Corp. (GLEO.U) Prices Up-sized $120M SPAC IPO

Oct 17, 2019 INTEL by Kristi Marvin

Galileo Acquisition Corp. (GLEO.U), announced the pricing of their upsized $120 million SPAC IPO this evening. Galileo’s units are expected to begin trading tomorrow, Friday, October 18th, under the symbol NYSE: GLEO.U.

Galileo will be focusing on companies in the Western Europe/Italy region and will be led by Luca Giacometti, who has previously been involved with four European-listed SPACs.

Total SPAC deal count for 2019 year-to-date is now 43 with $10.34 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, October 22, 2019.

Congratulations to all.

EarlyBirdCapital, Inc. acted as sole book-running manager for the offering and I-Bankers Securities, Inc. acted as co-manager. Ellenoff Grossman & Schole LLP and Graubard Miller were Issuer’s Counsel and Underwriter’s Counsel, respectively.