IG Acquisition Corp. (IGACU) Prices $300M IPO


IG Acquisition Corp. (IGACU) Prices $300M IPO

IG Acquisition Corp. announced the pricing of its $300 million IPO this evening and the units are expected to begin trading on the Nasdaq under the symbol “IGACU” tomorrow, Thursday, October 1st.

This new company aims to combine with a target within the leisure, gaming and hospitality industries with an overall transaction value that exceeds $750 million. IG is led by Chairman Bradley Tusk, CEO and Director Christian Goode and CFO Edward Farrell.

Total SPAC deal count for 2020 year-to-date is now 119 with $44.9 billion in gross proceeds raised. This offering is expected to close on Friday, October 2.

Cantor Fitzgerald & Co. is acting as sole book-running manager of the offering and Odeon Capital Group, LLC is acting as co-manager of the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.