Horizon Acquisition Corporation II (HZON) Prices $500M IPO

Horizon Acquisition Corp. II (HZON) announced the pricing of its $500 million IPO last night and its units are expected to begin trading on the Nasdaq under the symbol “HZON.U” today, Tuesday, October 20. The units contain one share and 1/3 warrant.

The new company aims to combine with a media & entertainment company with a focus on businesses with differentiated product and service offerings. The team is led by Todd Boehly, who is also currently Chief Executive Officer, Chief Financial Officer, and Director of Horizon Acquisition Corporation (HAC), the team’s first SPAC.

Total SPAC deal count for 2020 year-to-date is now 146 with $55.92 billion in gross proceeds raised. This offering is expected to close on Thursday, October 22.

Deutsche Bank Securities Inc. is serving as lead book-running manager for the offering. Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC are serving as book-running managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.