Longview Acquisition Corp. (LGVW.U) Prices Upsized $360M IPO


Longview Acquisition Corp. (LGVW.U) Prices Upsized $360M IPO

May 21, 2020 INTEL by Kristi Marvin

Longview Acquisition Corp. (LGVW.U), didn’t formally announced the pricing of their upsized $360 million IPO this morning via press release, but since the units are already trading, under the symbol NYSE: LGVW.U, it’s safe to say “they priced”.  If there is a wire later today, this post will be amended and it will be linked here.

Longview Acquisition Corp. will be focusing on companies in a broad range of industries and will be sponsored by Glenview Capital Management, the investment firm founded by Larry Robbins, who will also be this SPAC’s Chairman. Mr. Robbins will be joined by John Rodin, as CEO and Director, and Mark Horowitz, as CFO.

Total SPAC deal count for 2020 year-to-date is now 27 with $8.26 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, March 26, 2020.

Cowen and UBS Investment Bank acted as joint book-running managers of the offering. Ropes & Gray LLP and Skadden, Arps, Slate, Meagher & Flom LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, acted as auditor.