Vector Acquisition Corporation (VACQU) Prices $300M IPO


Vector Acquisition Corporation (VACQU) Prices $300M IPO

Vector Acquisition Corporation announced the pricing of its $300 million IPO this evening and its units are expected to trade on the Nasdaq under the symbol “VACQU” tomorrow, Friday, September 25th.

This new company aims to combine with a target offering technology-enabled serves valued at between $900 million and $3 billion. Vector is led by CEO and Chairman Alex Slusky, President David Fishman and CFO David Baylor.

Total SPAC deal count for 2020 year-to-date is now 112 with $42.6 billion in gross proceeds raised. This offering is expected to close on Tuesday, September 29, 2020.

Deutsche Bank Securities Inc. and BofA Securities, Inc. are serving as the joint book-running managers for the offering. Kirkland & Ellis LLP serve as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC, serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.