NextGen Acquisition Corporation Prices $350M IPO


NextGen Acquisition Corporation Prices $350M IPO

NextGen Acquisition Corporation announced the pricing of its $350 million IPO this evening and the units are expected to begin trading on the Nasdaq under the symbol “NGACU” tomorrow, Wednesday, October 7th.

This new company aims to combine with a company that has a leading position and strong free cashflow in either the industrial or healthcare sectors. NextGen is led by Co-Chairmen George N. Mattson and Gregory L. Summe alongside CFO and Secretary Patrick T. Ford.

Total SPAC deal count for 2020 year-to-date is now 129 with $49.4 billion in gross proceeds raised. This offering is expected to close on Friday, October 9, 2020.

Goldman Sachs and Credit Suisse are acting as joint book-running managers. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Ropes & Gray LLC serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.