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DPCM Capital, Inc. (XPOA.U) Prices Upsized $300M IPO


DPCM Capital, Inc. (XPOA.U) Prices Upsized $300M IPO

DPCM Capital Inc. announced the pricing of its upsized $300 million IPO this morning and its units are expected to begin trading on the NYSE under the symbol “XPOA.U” today, Wednesday, October 21.

The new company aims to combine with a disruptive technology target valued at between $1 billion and $2 billion. DPCM is led by Chairman and CEO Emil Michael, CFO Ignacio Tzoumas and Chief Legal Officer and Secretary Kyle Wood.

Total SPAC deal count for 2020 year-to-date is now 152 with $57.4 billion in gross proceeds raised. This offering is expected to close on Friday, October 23.

UBS Securities LLC is acting as sole book-running manager of the offering. Greenberg Traurig, P.A. is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.