Altimar Acquisition Corporation (ATACU) Prices $250M IPO


Altimar Acquisition Corporation (ATACU) Prices $250M IPO

Altimar Acquisition Corporation announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “ATACU” tomorrow, Friday, October 23.

The new company has not set a particular sector of focus, but aims to combine with a target pursuing large market opportunities. Altimar is led by Chairman and CEO Tom Wasserman and CFO Wendy Lai.

Total SPAC deal count for 2020 year-to-date is now 158 with $58.7 billion in gross proceeds raised. This offering is expected to close on Tuesday, October 27.

Goldman Sachs & Co. LLC is serving as the sole book-running manager 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.